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Intraday forecastEuro vs. US Dollar technical chart
SymbolEURUSD
Release TimeWed, 10/09/2019 - 20:06
Advisebuy (limit) above S1=1.096
Intraday
Short term
Yesterday range55
Yesterday high1.0996
Yesterday low1.0941
Yesterday close1.0956
R31.1065
R21.102
R11.1
S11.096
S21.094
S31.0865
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.096.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1.
TP4: R2=1.102.
Set the stoploss of these orders at breakout of S2=1.094.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.094.
In this situation, there is an expectation to reach the target S3=1.0865.
Set the stoploss of reverse orders at breakout of S1=1.096.

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