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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeJune 22, 2022 - 22:13
Advisebuy (limit) above S1=1.05
Intraday
Short term
Yesterday range137
Yesterday high1.0606
Yesterday low1.0469
Yesterday close1.0566
R31.067
R21.0635
R11.0605
S11.05
S21.047
S31.0385
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.0605.
TP4: R2=1.0635.
Set the stoploss of these orders at breakout of S2=1.047.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.047.
In this situation, there is an expectation to reach the target S3=1.0385.
Set the stoploss of reverse orders at breakout of S1=1.05.

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