EURUSD buy trade idea 02 09 2021

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SL: 1.1821

TP1: 1.1871

TP2: 1.1891

TP3: 1.1911

Signal Analysis by LCMS Traders

Currency Pair: EURUSD

BUY EURUSD 1.1851 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone Unemployment Rate decline in unemployment, USD: ADP Non-Farm Employment fell short of the expectation, ISM Manufacturing PMI continued expansion

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators 

- Bollinger Bands: touch

- MACD: fast up, slow touch

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: EUR: -, USD: FOMC Member Bostic Speaks 0100hrs, FOMC Member Daly Speaks 0300hrs

EURUSD buy trade idea 02 09 2021

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