Should price action for the EURUSD remain inside the 1.1575 to 1.1625 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.1800
- Take Profit Zone: 1.2500 – 1.2550
- Stop Loss Level: 1.1500
Should price action for the EURUSD breakout above 1.1625 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.2500 – 1.2550
- Stop Loss Level: 1.1500
Should price action for the EURUSD breakdown below 1.1575 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.1550
- Take Profit Zone: 1.1425 – 1.1500
- Stop Loss Level: 1.1625
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
