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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeNovember 13, 2018 - 20:27
Advisebuy (limit) above S1=1.124
Intraday
Short term
Yesterday range115
Yesterday high1.133
Yesterday low1.1215
Yesterday close1.1217
R31.1395
R21.1335
R11.13
S11.124
S21.122
S31.1145
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.124.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.13.
TP4: R2=1.1335.
Set the stoploss of these orders at breakout of S2=1.122.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.122.
In this situation, there is an expectation to reach the target S3=1.1145.
Set the stoploss of reverse orders at breakout of S1=1.124.

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