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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 13, 2020 - 19:26
Advisesell (limit) below R1=1.0865
Intraday
Short term
Yesterday range60
Yesterday high1.0925
Yesterday low1.0864
Yesterday close1.0873
R31.096
R21.0885
R11.0865
S11.0825
S21.08
S31.0725
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0865.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.0825.
TP4: S2=1.08.
Set the stoploss of these orders at breakout of R2=1.0885.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.0885.
In this situation, there is an expectation to reach the target R3=1.096.
Set the stoploss of reverse orders at breakout of R1=1.0865.

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