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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJanuary 24, 2022 - 13:29
Advisesell (limit) below R1=1.1325
Intraday
Short term
Yesterday range59
Yesterday high1.136
Yesterday low1.1301
Yesterday close1.1342
R31.14
R21.1335
R11.1325
S11.1285
S21.127
S31.121
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1325.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1285.
TP4: S2=1.127.
Set the stoploss of these orders at breakout of R2=1.1335.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1335.
In this situation, there is an expectation to reach the target R3=1.14.
Set the stoploss of reverse orders at breakout of R1=1.1325.

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