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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJanuary 14, 2019 - 20:14
Advisebuy (limit) above S1=1.143
Intraday
Short term
Yesterday range82
Yesterday high1.154
Yesterday low1.1458
Yesterday close1.1468
R31.157
R21.1515
R11.1485
S11.143
S21.141
S31.1335
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.143.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1485.
TP4: R2=1.1515.
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=1.1335.
Set the stoploss of reverse orders at breakout of S1=1.143.

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