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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeAugust 13, 2018 - 20:14
Advisesell (limit) below R1=1.1425
Intraday
Short term
Yesterday range148
Yesterday high1.1536
Yesterday low1.1388
Yesterday close1.1409
R31.15
R21.1435
R11.1425
S11.1365
S21.134
S31.13
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1425.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1365.
TP4: S2=1.134.
Set the stoploss of these orders at breakout of R2=1.1435.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1435.
In this situation, there is an expectation to reach the target R3=1.15.
Set the stoploss of reverse orders at breakout of R1=1.1425.

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