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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 26, 2020 - 19:37
Advisebuy (limit) above S1=1.0865
Intraday
Short term
Yesterday range60
Yesterday high1.0889
Yesterday low1.0829
Yesterday close1.088
R31.099
R21.095
R11.091
S11.0865
S21.0855
S31.079
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0865.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.091.
TP4: R2=1.095.
Set the stoploss of these orders at breakout of S2=1.0855.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0855.
In this situation, there is an expectation to reach the target S3=1.079.
Set the stoploss of reverse orders at breakout of S1=1.0865.

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