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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeTue, 09/10/2019 - 20:00
Advisebuy (limit) above S1=1.102
Intraday
Short term
Yesterday range53
Yesterday high1.1068
Yesterday low1.1015
Yesterday close1.1046
R31.1155
R21.1085
R11.106
S11.102
S21.1005
S31.0935
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.102.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.106.
TP4: R2=1.1085.
Set the stoploss of these orders at breakout of S2=1.1005.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1005.
In this situation, there is an expectation to reach the target S3=1.0935.
Set the stoploss of reverse orders at breakout of S1=1.102.

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