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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeTue, 01/08/2019 - 20:04
Advisebuy (limit) above S1=1.142
Intraday
Short term
Yesterday range88
Yesterday high1.1482
Yesterday low1.1394
Yesterday close1.1473
R31.1575
R21.1495
R11.148
S11.142
S21.141
S31.1345
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.142.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.148.
TP4: R2=1.1495.
Set the stoploss of these orders at breakout of S2=1.141.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.141.
In this situation, there is an expectation to reach the target S3=1.1345.
Set the stoploss of reverse orders at breakout of S1=1.142.

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