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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMayıs 13, 2013 - 21:11
Advisesell (limit) below R1=1.302
Intraday
Short term
Yesterday range57
Yesterday high1.2998
Yesterday low1.2941
Yesterday close1.2974
R31.314
R21.305
R11.302
S11.294
S21.291
S31.2875
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.302.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.294.
TP4: S2=1.291.
Set the stoploss of these orders at breakout of R2=1.305.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.305.
In this situation, there is an expectation to reach the target R3=1.314.
Set the stoploss of reverse orders at breakout of R1=1.302.

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