Should price action for the EURUSD remain inside the 1.1900 to 1.1960 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.1920
- Take Profit Zone: 1.2200 – 1.2250
- Stop Loss Level: 1.1800
Should price action for the EURUSD breakout above 1.1960 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: 1.2200 – 1.2250
- Stop Loss Level: 1.1800
Should price action for the EURUSD breakdown below 1.1900 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.1880
- Take Profit Zone: 1.1780 – 1.1800
- Stop Loss Level: 1.1960
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
