EURUSD buy trade idea 03 08 2021

#OPINIONLEADER# #Signal#

BUY EURUSD 1.1881

SL: 1.1851

TP1: 1.1901

TP2: 1.1921

TP3: 1.1941

Signal Analysis by LCMS Traders 

Currency Pair: EURUSD

BUY EURUSD 1.1881 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone inflation continue to rise at a higher rate, Core inflation declined slightly, Preliminary flash GDP strong rebound, Jobless rate declined. Overall eurozone economy making good progress in recovery, USD: Core PCE Price Index increase

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: EUR: -, USD: ISM Manufacturing PMI 2200hrs