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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeTue, 08/13/2019 - 20:02
Advisebuy (limit) above S1=1.116
Intraday
Short term
Yesterday range69
Yesterday high1.123
Yesterday low1.1162
Yesterday close1.1212
R31.128
R21.125
R11.1225
S11.116
S21.114
S31.1065
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1225.
TP4: R2=1.125.
Set the stoploss of these orders at breakout of S2=1.114.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114.
In this situation, there is an expectation to reach the target S3=1.1065.
Set the stoploss of reverse orders at breakout of S1=1.116.

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