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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeMayıs 6, 2021 - 20:35
Advisebuy (limit) above S1=1.201
Intraday
Short term
Yesterday range41
Yesterday high1.2027
Yesterday low1.1986
Yesterday close1.2004
R31.215
R21.21
R11.2075
S11.201
S21.199
S31.1915
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.201.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2075.
TP4: R2=1.21.
Set the stoploss of these orders at breakout of S2=1.199.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.199.
In this situation, there is an expectation to reach the target S3=1.1915.
Set the stoploss of reverse orders at breakout of S1=1.201.

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