Should price action for the EURUSD remain inside the 1.2620 to 1.2660 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.2640
• Take Profit Zone: 1.3560 – 1.3600
• Stop Loss Level: 1.2400

Should price action for the EURUSD breakout above 1.2660 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: 1.3560 – 1.3600
• Stop Loss Level: 1.2400

Should price action for the EURUSD breakdown below 1.2620 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2610
• Take Profit Zone: 1.2410 – 1.2450
• Stop Loss Level: 1.2720

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