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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJune 10, 2021 - 20:26
Advisebuy (limit) above S1=1.215
Intraday
Short term
Yesterday range47
Yesterday high1.2218
Yesterday low1.2171
Yesterday close1.2179
R31.2255
R21.2215
R11.22
S11.215
S21.214
S31.2075
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.215.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.22.
TP4: R2=1.2215.
Set the stoploss of these orders at breakout of S2=1.214.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.214.
In this situation, there is an expectation to reach the target S3=1.2075.
Set the stoploss of reverse orders at breakout of S1=1.215.

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