EURNZD sell trade idea 11 06 2021

#OPINIONLEADER# #Signal#

SELL EURNZD 1.6930

SL: 1.6960

TP1: 1.6910

TP2: 1.6890

TP3: 1.6870

Signal Analysis by LCMS Traders 

Currency Pair: EURNZD

SELL EURNZD 1.6930 

Timeframe: H1

Step 1 - Previous News: EUR: Day 1 of the G7 meetings, ECB kept monetary policy unchanged, NZD: Day 1 of the G7 meetings

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touch, slow turning

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: EUR: G7 meetings over the weekend, NZD: G7 meetings over the weekend