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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 14, 2019 - 20:05
Advisebuy (limit) above S1=1.1265
Intraday
Short term
Yesterday range81
Yesterday high1.1341
Yesterday low1.126
Yesterday close1.126
R31.141
R21.134
R11.132
S11.1265
S21.1245
S31.117
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1265.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.132.
TP4: R2=1.134.
Set the stoploss of these orders at breakout of S2=1.1245.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1245.
In this situation, there is an expectation to reach the target S3=1.117.
Set the stoploss of reverse orders at breakout of S1=1.1265.

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