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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMay 26, 2017 - 10:15
Advisebuy (limit) above S1=1.1165
Intraday
Short term
Yesterday range56
Yesterday high1.1249
Yesterday low1.1193
Yesterday close1.1209
R31.13
R21.1275
R11.125
S11.1165
S21.1145
S31.107
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1165.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.125.
TP4: R2=1.1275.
Set the stoploss of these orders at breakout of S2=1.1145.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1145.
In this situation, there is an expectation to reach the target S3=1.107.
Set the stoploss of reverse orders at breakout of S1=1.1165.

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