EURUSD – June 10th 2014

Should price action for the EURUSD remain inside the 1.3530 to 1.3580 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3540
• Take Profit Zone: 1.3870 – 1.3910
• Stop Loss Level: 1.3470

Should price action for the EURUSD breakout above 1.3580 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: 1.3870 – 1.3910
• Stop Loss Level: 1.3470

Should price action for the EURUSD breakdown below 1.3530 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3520
• Take Profit Zone: 1.3440 – 1.3470
• Stop Loss Level: 1.3580

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

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