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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJanuary 15, 2020 - 20:03
Advisebuy (limit) above S1=1.1135
Intraday
Short term
Yesterday range40
Yesterday high1.1144
Yesterday low1.1103
Yesterday close1.1127
R31.124
R21.1205
R11.117
S11.1135
S21.1125
S31.106
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1135.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.117.
TP4: R2=1.1205.
Set the stoploss of these orders at breakout of S2=1.1125.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1125.
In this situation, there is an expectation to reach the target S3=1.106.
Set the stoploss of reverse orders at breakout of S1=1.1135.

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