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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeDecember 26, 2018 - 20:26
Advisesell (limit) below R1=1.1375
Intraday
Short term
Yesterday range78
Yesterday high1.1438
Yesterday low1.1361
Yesterday close1.1416
R31.147
R21.1395
R11.1375
S11.131
S21.127
S31.1215
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.131.
TP4: S2=1.127.
Set the stoploss of these orders at breakout of R2=1.1395.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1395.
In this situation, there is an expectation to reach the target R3=1.147.
Set the stoploss of reverse orders at breakout of R1=1.1375.

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