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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeNovember 29, 2018 - 20:10
Advisebuy (limit) above S1=1.136
Intraday
Short term
Yesterday range121
Yesterday high1.1387
Yesterday low1.1267
Yesterday close1.1366
R31.147
R21.142
R11.14
S11.136
S21.1345
S31.1275
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.136.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.14.
TP4: R2=1.142.
Set the stoploss of these orders at breakout of S2=1.1345.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1345.
In this situation, there is an expectation to reach the target S3=1.1275.
Set the stoploss of reverse orders at breakout of S1=1.136.

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