EURUSD buy trade idea 29 07 2021
BUY EURUSD 1.1863
SL: 1.1833
TP1: 1.1883
TP2: 1.1903
TP3: 1.1923
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
BUY EURUSD 1.1863
Timeframe: H1
Step 1 - Previous News: EUR: -, USD: FOMC held interest rate unchanged, QE maintaining $120 billion/month
Step 2 - Trend: Across to Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: slow up, fast turning
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: ECB Monetary Policy Meeting Accounts tentative timing, USD: -
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