EURUSD Intraday Forecast

FX:EURUSD   Euro / U.S. Dollar
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.114.
TP4: S2=1.112.
Set the stoploss of these orders at breakout of R2=1.119.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.119.
In this situation, there is an expectation to reach the target R3=1.1255.
Set the stoploss of reverse orders at breakout of R1=1.118.

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ForecastCity Ronnie_Dong
@Ronnie_Dong, Thank you.
Thanks for sharing.
+1 Reply
@fxniki, You're welcome.
+1 Reply
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