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.