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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJanuary 17, 2022 - 22:58
Advisebuy (limit) above S1=1.1375
Intraday
Short term
Yesterday range42
Yesterday high1.1434
Yesterday low1.1392
Yesterday close1.1406
R31.1525
R21.148
R11.1435
S11.1375
S21.1355
S31.128
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1375.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1435.
TP4: R2=1.148.
Set the stoploss of these orders at breakout of S2=1.1355.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1355.
In this situation, there is an expectation to reach the target S3=1.128.
Set the stoploss of reverse orders at breakout of S1=1.1375.

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