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.