Should price action for the EURUSD remain inside the 1.2650 to 1.2690 zone the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2670
- Take Profit Zone: 1.3360 – 1.3400
- Stop Loss Level: 1.2440
Should price action for the EURUSD breakout above 1.2690 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: 1.3360 – 1.3400
- Stop Loss Level: 1.2440
Should price action for the EURUSD breakdown below 1.2650 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2640
- Take Profit Zone: 1.2260 – 1.2300
- Stop Loss Level: 1.2820
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
