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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeDecember 2, 2021 - 22:01
Advisesell (limit) below R1=1.1335
Intraday
Short term
Yesterday range53
Yesterday high1.1348
Yesterday low1.1295
Yesterday close1.1301
R31.142
R21.135
R11.1335
S11.128
S21.126
S31.1225
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1335.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.128.
TP4: S2=1.126.
Set the stoploss of these orders at breakout of R2=1.135.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.135.
In this situation, there is an expectation to reach the target R3=1.142.
Set the stoploss of reverse orders at breakout of R1=1.1335.

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