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Intraday forecastEuro / US Dollar Gráfico técnico
SímboloEURUSD
Release TimeAgosto 4, 2021 - 20:39
Advisesell (limit) below R1=1.186
Intraday
Short term
Yesterday range39
Yesterday high1.1893
Yesterday low1.1854
Yesterday close1.1863
R31.1975
R21.189
R11.186
S11.181
S21.1785
S31.175
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.186.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.181.
TP4: S2=1.1785.
Set the stoploss of these orders at breakout of R2=1.189.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.189.
In this situation, there is an expectation to reach the target R3=1.1975.
Set the stoploss of reverse orders at breakout of R1=1.186.

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