Should price action for the EURUSD remain inside the 1.2730 to 1.2770 zone the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2750
- Take Profit Zone: 1.3400 – 1.3440
- Stop Loss Level: 1.2500
Should price action for the EURUSD breakout above 1.2770 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.3400 – 1.3440
- Stop Loss Level: 1.2500
Should price action for the EURUSD breakdown below 1.2730 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2720
- Take Profit Zone: 1.2500 – 1.2540
- Stop Loss Level: 1.2820
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
