SELL EURUSD 1.1799
SL: 1.1829
TP1: 1.1779
TP2: 1.1759
TP3: 1.1739
Signal Analysis by LCMS Traders
Currency Pair: EURUSD
SELL EURUSD 1.1799
Timeframe: H1
Step 1 - Previous News: EUR: -, USD: Possibility of "dovish tapering."
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 coming out from over sold
- PSAR: near bearish
Step 5 - Upcoming News: EUR: -, USD: Pending Home Sales 2200hrs
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