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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeMon, 02/11/2019 - 21:44
Advisesell (limit) below R1=1.13
Intraday
Short term
Yesterday range31
Yesterday high1.135
Yesterday low1.132
Yesterday close1.132
R31.1385
R21.1315
R11.13
S11.125
S21.1225
S31.12
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.13.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.125.
TP4: S2=1.1225.
Set the stoploss of these orders at breakout of R2=1.1315.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1315.
In this situation, there is an expectation to reach the target R3=1.1385.
Set the stoploss of reverse orders at breakout of R1=1.13.

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