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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeNovember 19, 2019 - 20:55
Advisebuy (limit) above S1=1.106
Intraday
Short term
Yesterday range42
Yesterday high1.1089
Yesterday low1.1048
Yesterday close1.1071
R31.1175
R21.1135
R11.1105
S11.106
S21.105
S31.0985
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.106.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.1135.
Set the stoploss of these orders at breakout of S2=1.105.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.105.
In this situation, there is an expectation to reach the target S3=1.0985.
Set the stoploss of reverse orders at breakout of S1=1.106.

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