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Intraday forecastEuro / US Dollar technical chart
SymbolEURUSD
Release TimeAugust 16, 2017 - 19:30
Advisebuy (limit) above S1=1.1715
Intraday
Short term
Yesterday range106
Yesterday high1.1792
Yesterday low1.1687
Yesterday close1.1734
R31.189
R21.1845
R11.178
S11.1715
S21.1685
S31.16
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1715.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.178.
TP4: R2=1.1845.
Set the stoploss of these orders at breakout of S2=1.1685.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1685.
In this situation, there is an expectation to reach the target S3=1.16.
Set the stoploss of reverse orders at breakout of S1=1.1715.

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