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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeTue, 06/12/2018 - 20:18
Advisesell (limit) below R1=1.1785
Intraday
Short term
Yesterday range50
Yesterday high1.182
Yesterday low1.1771
Yesterday close1.1783
R31.189
R21.181
R11.1785
S11.1725
S21.171
S31.165
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1785.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1725.
TP4: S2=1.171.
Set the stoploss of these orders at breakout of R2=1.181.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.181.
In this situation, there is an expectation to reach the target R3=1.189.
Set the stoploss of reverse orders at breakout of R1=1.1785.

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