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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJuly 18, 2019 - 19:46
Advisebuy (limit) above S1=1.1255
Intraday
Short term
Yesterday range34
Yesterday high1.1233
Yesterday low1.1199
Yesterday close1.1223
R31.135
R21.1315
R11.1285
S11.1255
S21.124
S31.117
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1255.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1285.
TP4: R2=1.1315.
Set the stoploss of these orders at breakout of S2=1.124.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.124.
In this situation, there is an expectation to reach the target S3=1.117.
Set the stoploss of reverse orders at breakout of S1=1.1255.

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