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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMarch 19, 2019 - 23:40
Advisebuy (limit) above S1=1.133
Intraday
Short term
Yesterday range28
Yesterday high1.1361
Yesterday low1.1333
Yesterday close1.1349
R31.1415
R21.138
R11.136
S11.133
S21.132
S31.1255
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.133.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.136.
TP4: R2=1.138.
Set the stoploss of these orders at breakout of S2=1.132.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.132.
In this situation, there is an expectation to reach the target S3=1.1255.
Set the stoploss of reverse orders at breakout of S1=1.133.

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