Should price action for the EURUSD remain inside the 1.2450 to 1.2470 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2455
- Take Profit Zone: 1.2355 – 1.2370
- Stop Loss Level: 1.2500
Should price action for the EURUSD breakdown below 1.2450 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.2355 – 1.2370
- Stop Loss Level: 1.2500
Should price action for the EURUSD breakout above 1.2470 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2485
- Take Profit Zone: 1.2535 – 1.2550
- Stop Loss Level: 1.2450
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
