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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJuly 12, 2013 - 20:38
Advisebuy (limit) above S1=1.3005
Intraday
Short term
Yesterday range243
Yesterday high1.3205
Yesterday low1.2962
Yesterday close1.3095
R31.3205
R21.312
R11.3075
S11.3005
S21.298
S31.289
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3005.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP1: R1=1.3075.
TP2: R2=1.312.
TP3: R3=1.3205.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=1.298.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.298.
In this situation, there is an expectation to reach the target S3=1.289.
Set the stoploss of reverse orders at breakout of S1=1.3005.

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