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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeOctober 15, 2018 - 20:04
Advisebuy (limit) above S1=1.156
Intraday
Short term
Yesterday range76
Yesterday high1.161
Yesterday low1.1534
Yesterday close1.1557
R31.165
R21.1625
R11.161
S11.156
S21.154
S31.1465
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.156.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.161.
TP4: R2=1.1625.
Set the stoploss of these orders at breakout of S2=1.154.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.154.
In this situation, there is an expectation to reach the target S3=1.1465.
Set the stoploss of reverse orders at breakout of S1=1.156.

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