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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMay 21, 2018 - 19:44
Advisebuy (limit) above S1=1.174
Intraday
Short term
Yesterday range72
Yesterday high1.1822
Yesterday low1.1749
Yesterday close1.1771
R31.1855
R21.1825
R11.179
S11.174
S21.1715
S31.1635
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.174.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.179.
TP4: R2=1.1825.
Set the stoploss of these orders at breakout of S2=1.1715.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1715.
In this situation, there is an expectation to reach the target S3=1.1635.
Set the stoploss of reverse orders at breakout of S1=1.174.

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