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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeSeptember 7, 2022 - 20:53
Advisebuy (limit) above S1=0.997
Intraday
Short term
Yesterday range122
Yesterday high0.9986
Yesterday low0.9864
Yesterday close0.9903
R31.0125
R21.008
R11.0035
S10.997
S20.994
S30.985
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.997.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.0035.
TP4: R2=1.008.
Set the stoploss of these orders at breakout of S2=0.994.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.994.
In this situation, there is an expectation to reach the target S3=0.985.
Set the stoploss of reverse orders at breakout of S1=0.997.

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