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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMay 12, 2022 - 20:46
Advisesell (limit) below R1=1.047
Intraday
Short term
Yesterday range75
Yesterday high1.0576
Yesterday low1.0501
Yesterday close1.0511
R31.057
R21.049
R11.047
S11.0355
S21.0335
S31.03
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.047.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.0355.
TP4: S2=1.0335.
Set the stoploss of these orders at breakout of R2=1.049.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.049.
In this situation, there is an expectation to reach the target R3=1.057.
Set the stoploss of reverse orders at breakout of R1=1.047.

Latest forecasts
Release Time Symbol Intraday R S
Mon, May 16 2022, 13:49 EURUSD new Subscribe! Subscribers Only Subscribers Only
Thu, May 12 2022, 20:46 EURUSD free 1.057
1.049
1.047
1.0355
1.0335
1.03
Wed, May 11 2022, 21:01 EURUSD Subscribe! Subscribers Only Subscribers Only
Tue, May 10 2022, 20:12 EURUSD Subscribe! Subscribers Only Subscribers Only
Mon, May 9 2022, 15:49 EURUSD Subscribe! Subscribers Only Subscribers Only