EURNZD buy trade idea 13 05 2021

#OPINIONLEADER# #Signal#

BUY EURNZD 1.6860

SL: 1.6830

TP1: 1.6880

TP2: 1.6900

TP3: 1.6920

Signal Analysis by LCMS Traders 

Currency Pair: EURNZD

BUY EURNZD 1.6860 

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, NZD: -

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touching, slow down

- Stochastic: H4 going into overbought

- PSAR: bullish

Step 5 - Upcoming News: EUR: -, NZD: -