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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeWed, 01/09/2019 - 19:31
Advisebuy (limit) above S1=1.1485
Intraday
Short term
Yesterday range62
Yesterday high1.1484
Yesterday low1.1422
Yesterday close1.1439
R31.1625
R21.159
R11.156
S11.1485
S21.147
S31.14
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1485.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.156.
TP4: R2=1.159.
Set the stoploss of these orders at breakout of S2=1.147.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.147.
In this situation, there is an expectation to reach the target S3=1.14.
Set the stoploss of reverse orders at breakout of S1=1.1485.

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