EURUSD sell trade idea 06 10 2021
SELL EURUSD 1.1576
SL: 1.1606
TP1: 1.1556
TP2: 1.1536
TP3: 1.1516
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
SELL EURUSD 1.1576
Timeframe: H1
Step 1 - Previous News: EUR: -, USD: ISM Services PMI continued expansion
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: Eurozone Retail Sales 1700hrs, USD: ADP Non-Farm Employment Change 2015hrs, FOMC Bostic speaks 2100hrs
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