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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeSeptember 20, 2018 - 19:52
Advisebuy (limit) above S1=1.1735
Intraday
Short term
Yesterday range65
Yesterday high1.1715
Yesterday low1.165
Yesterday close1.1672
R31.185
R21.182
R11.179
S11.1735
S21.1715
S31.164
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1735.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.179.
TP4: R2=1.182.
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=1.164.
Set the stoploss of reverse orders at breakout of S1=1.1735.

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