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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeDecember 12, 2019 - 23:07
Advisebuy (limit) above S1=1.116
Intraday
Short term
Yesterday range51
Yesterday high1.1154
Yesterday low1.1102
Yesterday close1.1128
R31.127
R21.124
R11.122
S11.116
S21.1145
S31.1075
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=1.122.
TP4: R2=1.124.
Set the stoploss of these orders at breakout of S2=1.1145.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1145.
In this situation, there is an expectation to reach the target S3=1.1075.
Set the stoploss of reverse orders at breakout of S1=1.116.

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