EURUSD buy trade idea 13 05 2021

#OPINIONLEADER# #Signal#

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