EUR/USD outlook

EUR/USD outlook: Intraday 3182-3200 is key level. Targets below are 3157-46, 3126 and 3109. Above targets are 3220, 3240, 3262 and 3285. Today’s sensible range is 3157-3220/40. If gold stays below 1281 and S&P stay below 1997, sensible range should be considered as 3146-3200/20. If USD/JPY remains below 103.91, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 7963 and GBP/USD is in bullish mode, EUR/USD might remain under pressure or vice versa. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.

From trend follow-up perspective important closing rates are > or < areas of 3158, 3187 and 3220. Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial. The analysis given is not trading signals but the market picture. #forex #forex_trading #eurusd