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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeSeptember 13, 2021 - 22:44
Advisebuy (limit) above S1=1.179
Intraday
Short term
Yesterday range47
Yesterday high1.1817
Yesterday low1.177
Yesterday close1.181
R31.1895
R21.185
R11.1835
S11.179
S21.177
S31.1695
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.179.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1835.
TP4: R2=1.185.
Set the stoploss of these orders at breakout of S2=1.177.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.177.
In this situation, there is an expectation to reach the target S3=1.1695.
Set the stoploss of reverse orders at breakout of S1=1.179.

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