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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeWed, 03/25/2020 - 19:41
Advisebuy (limit) above S1=1.0825
Intraday
Short term
Yesterday range162
Yesterday high1.0887
Yesterday low1.0725
Yesterday close1.0784
R31.0995
R21.095
R11.0895
S11.0825
S21.079
S31.068
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0825.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.0895.
TP4: R2=1.095.
Set the stoploss of these orders at breakout of S2=1.079.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.079.
In this situation, there is an expectation to reach the target S3=1.068.
Set the stoploss of reverse orders at breakout of S1=1.0825.

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