Seeking Alpha Analyst Since 2014
EUR/USD outlook: Intraday 3662-82 is key level. Targets below are 3644-30, 3600, 3571, 3545 and 3512. Above targets are 3700, 3724, 3793 and 3830. Today's sensible range is 3571-3682. If gold stays above 1246 and S&P stay above 1831, sensible range should be considered as 3630-3724/93. If USD/JPY remains below 103.94, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8322 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 3682, 3630, 3600 and 3571. 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.
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