EUR/USD outlook: Intraday
3517-30 is key level. Targets below are 3506-01, 3493 and 3476. Above
targets are 3545-50, 3566 and 3582-95. Today’s sensible range is 3517-3566. If gold stays below 1311 and S&P stay below 1963, sensible range should be considered as 3501-3545. If USD/JPY remains below 101.46, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 7917 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 3517 and 3545. 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
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