Should price action for the EURUSD remain inside the 1.3380 to 1.3420 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3400
- Take Profit Zone: 1.3920 – 1.3960
- Stop Loss Level: 1.3260
Should price action for the EURUSD breakout above 1.3420 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.3920 – 1.3960
- Stop Loss Level: 1.3260
Should price action for the EURUSD breakdown below 1.3380 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3370
- Take Profit Zone: 1.3230 – 1.3250
- Stop Loss Level: 1.3430
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
You may also be interested in reading the following posts: