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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeApril 28, 2016 - 19:39
Advisebuy (limit) above S1=1.131
Intraday
Short term
Yesterday range90
Yesterday high1.1361
Yesterday low1.1271
Yesterday close1.1322
R31.146
R21.141
R11.138
S11.131
S21.129
S31.121
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.131.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.138.
TP4: R2=1.141.
Set the stoploss of these orders at breakout of S2=1.129.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.129.
In this situation, there is an expectation to reach the target S3=1.121.
Set the stoploss of reverse orders at breakout of S1=1.131.

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