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.