EURUSD buy trade idea 13 05 2021
BUY EURUSD 1.2088
SL: 1.2058
TP1: 1.2108
TP2: 1.2128
TP3: 1.2148
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
BUY EURUSD 1.2088
Timeframe: H1
Step 1 - Previous News: EUR: EU projects that the EU economy will expand by 4.2% this year, French and German banks holiday, USD: CPI m/m sharp increase in inflation
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: near bullish
Step 5 - Upcoming News: EUR: -, USD: Unemployment Claims 2030hrs
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