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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeNovember 18, 2019 - 10:20
Advisebuy (limit) above S1=1.104
Intraday
Short term
Yesterday range42
Yesterday high1.1056
Yesterday low1.1014
Yesterday close1.1051
R31.114
R21.111
R11.109
S11.104
S21.103
S31.0965
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.104.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.109.
TP4: R2=1.111.
Set the stoploss of these orders at breakout of S2=1.103.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.103.
In this situation, there is an expectation to reach the target S3=1.0965.
Set the stoploss of reverse orders at breakout of S1=1.104.

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