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Intraday forecastEuro / US Dollar graphique technique
SymboleEURUSD
Release Timeoctobre 25, 2021 - 14:22
Advisesell (limit) below R1=1.164
Intraday
Short term
Yesterday range36
Yesterday high1.1656
Yesterday low1.162
Yesterday close1.1644
R31.1745
R21.1665
R11.164
S11.1585
S21.157
S31.1525
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.164.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1585.
TP4: S2=1.157.
Set the stoploss of these orders at breakout of R2=1.1665.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1665.
In this situation, there is an expectation to reach the target R3=1.1745.
Set the stoploss of reverse orders at breakout of R1=1.164.

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