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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeMon, 04/16/2018 - 11:30
Advisebuy (limit) above S1=1.2335
Intraday
Short term
Yesterday range39
Yesterday high1.2346
Yesterday low1.2307
Yesterday close1.2328
R31.247
R21.2415
R11.2395
S11.2335
S21.232
S31.225
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2335.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2395.
TP4: R2=1.2415.
Set the stoploss of these orders at breakout of S2=1.232.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.232.
In this situation, there is an expectation to reach the target S3=1.225.
Set the stoploss of reverse orders at breakout of S1=1.2335.

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