Should price action for the EURUSD remain inside the 1.2525 to 1.2575 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2550
- Take Profit Zone: 1.3700 – 1.3975
- Stop Loss Level: 1.2400
Should price action for the EURUSD breakout above 1.2575 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: 1.3700 – 1.3975
- Stop Loss Level: 1.2400
Should price action for the EURUSD breakdown below 1.2525 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2500
- Take Profit Zone: 1.2375 – 1.2400
- Stop Loss Level: 1.2575
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
