EUR/USD outlook

EUR/USD outlook: Intraday 3134-52 is key level. Targets below are 3113-09, 3093, 3070, 3056, 3041 and 3023. Above targets are 3165, 3182, 3218, 3241, 3258-62 and 3279-89. Today’s sensible range is 3134-3218/41. If gold stays below 1267 and S&P stay below 1999, sensible range should be considered as 3056-3165. If USD/JPY remains below 104.93, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 7982 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 3109, 3138, 3165 and 3182. 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