Should price action for the EURUSD remain inside the 1.2240 to 1.2275 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2255
- Take Profit Zone: 1.2455 – 1.2475
- Stop Loss Level: 1.2200
Should price action for the EURUSD breakout above 1.2275 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.2455 – 1.2475
- Stop Loss Level: 1.2200
Should price action for the EURUSD breakdown below 1.2240 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2225
- Take Profit Zone: 1.2100 – 1.2125
- Stop Loss Level: 1.2275
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
