EURUSD Trade Idea (4th February 2020)

Currency Pair: EURUSD
Timeframe: H1
Date/Time of Signal: 4th February 2020 / 2300hrs (SGT)

Review:
The US dollar have strengthened since Monday (3rd February 2020) as the U.S. ISM Manufacturing PMI data was better than forecasted. And even though the eurozone final manufacturing PMI (3rd February 2020) data was better than forecasted it was still in contraction.

EURUSD has been on a downtrend and the price tested and bounce off the resistance zone of 1.1070.

Following the trend, trade signaled to sell EURUSD (Entry: 1.1043) with 3 Take Profit (TP) Targets (TP1: 1.1023, TP2: 1.1003, TP3: 1.0983) and Stop Loss (SL) at 1.1073.