Should price action for the EURUSD remain inside the 1.2470 – 1.2500 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2485
• Take Profit Zone: 1.2350 – 1.2380
• Stop Loss Level: 1.2550

Should price action for the EURUSD breakdown below 1.2470 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: 1.2350 – 1.2380
• Stop Loss Level: 1.2550

Should price action for the EURUSD breakout above 1.2500 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.2515
• Take Profit Zone: 1.2590 – 1.2615
• Stop Loss Level: 1.2470

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.

You may also be interested in reading the following posts:

• GBPUSD – November 7th 2014
• Gold – November 6th 2014
• USDJPY – November 5th 2014
• How weak is the Euro?
• Japan’s government will examine the problem of yen weakening