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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeSeptember 15, 2020 - 20:10
Advisesell (limit) below R1=1.188
Intraday
Short term
Yesterday range56
Yesterday high1.1887
Yesterday low1.1831
Yesterday close1.1864
R31.1975
R21.19
R11.188
S11.1835
S21.181
S31.1755
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.188.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1835.
TP4: S2=1.181.
Set the stoploss of these orders at breakout of R2=1.19.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.19.
In this situation, there is an expectation to reach the target R3=1.1975.
Set the stoploss of reverse orders at breakout of R1=1.188.

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