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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 25, 2019 - 13:50
Advisebuy (limit) above S1=1.1325
Intraday
Short term
Yesterday range39
Yesterday high1.1355
Yesterday low1.1316
Yesterday close1.1334
R31.145
R21.139
R11.137
S11.1325
S21.1315
S31.125
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1325.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.137.
TP4: R2=1.139.
Set the stoploss of these orders at breakout of S2=1.1315.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1315.
In this situation, there is an expectation to reach the target S3=1.125.
Set the stoploss of reverse orders at breakout of S1=1.1325.

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