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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 19, 2018 - 20:22
Advisebuy (limit) above S1=1.236
Intraday
Short term
Yesterday range162
Yesterday high1.2556
Yesterday low1.2393
Yesterday close1.2405
R31.2555
R21.246
R11.2435
S11.236
S21.2335
S31.225
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.236.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2435.
TP4: R2=1.246.
Set the stoploss of these orders at breakout of S2=1.2335.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2335.
In this situation, there is an expectation to reach the target S3=1.225.
Set the stoploss of reverse orders at breakout of S1=1.236.

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