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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeOctober 17, 2018 - 19:44
Advisesell (limit) below R1=1.1535
Intraday
Short term
Yesterday range56
Yesterday high1.1622
Yesterday low1.1566
Yesterday close1.1573
R31.161
R21.1545
R11.1535
S11.1485
S21.1465
S31.143
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1535.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1485.
TP4: S2=1.1465.
Set the stoploss of these orders at breakout of R2=1.1545.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1545.
In this situation, there is an expectation to reach the target R3=1.161.
Set the stoploss of reverse orders at breakout of R1=1.1535.

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