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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeFebruary 22, 2021 - 21:38
Advisebuy (limit) above S1=1.211
Intraday
Short term
Yesterday range62
Yesterday high1.2144
Yesterday low1.2082
Yesterday close1.2117
R31.2225
R21.219
R11.217
S11.211
S21.209
S31.2015
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.211.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.217.
TP4: R2=1.219.
Set the stoploss of these orders at breakout of S2=1.209.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.209.
In this situation, there is an expectation to reach the target S3=1.2015.
Set the stoploss of reverse orders at breakout of S1=1.211.

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