Should price action for the EURUSD remain inside the 1.1775 to 1.1825 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.1800
- Take Profit Zone: 1.3500 – 1.3600
- Stop Loss Level: 1.1575
Should price action for the EURUSD breakout above 1.1825 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: 1.3500 – 1.3600
- Stop Loss Level: 1.1575
Should price action for the EURUSD breakdown below 1.1775 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.1750
- Take Profit Zone: 1.1525 – 1.1575
- Stop Loss Level: 1.1825
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
