Should price action for the EURUSD remain inside the 1.2400 to 1.2450 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2420
- Take Profit Zone: 1.3300 – 1.3350
- Stop Loss Level: 1.2200
Should price action for the EURUSD breakout above 1.2450 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: 1.3300 – 1.3350
- Stop Loss Level: 1.2200
Should price action for the EURUSD breakdown below 1.2400 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2370
- Take Profit Zone: 1.2200 – 1.2270
- Stop Loss Level: 1.2450
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
