EUR/USD outlook: Intraday
3594-3611 is key level. Targets below are 3565, 3545, 3522 and 3503.
Above targets are 3620, 3640 and 3659-65. Today’s sensible range is 3565-3611/20. If gold stays above 1320 and S&P stay above 1979, sensible range should be considered as 3594-3640. If USD/JPY remains below 101.74, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 7936 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 3611 and 3594. 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