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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeDecember 2, 2019 - 19:40
Advisebuy (limit) above S1=1.1055
Intraday
Short term
Yesterday range47
Yesterday high1.1027
Yesterday low1.098
Yesterday close1.1018
R31.118
R21.111
R11.1095
S11.1055
S21.104
S31.097
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1095.
TP4: R2=1.111.
Set the stoploss of these orders at breakout of S2=1.104.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.104.
In this situation, there is an expectation to reach the target S3=1.097.
Set the stoploss of reverse orders at breakout of S1=1.1055.

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