Should price action for the EURUSD remain inside the 1.3640 to 1.3660 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3650
- Take Profit Zone: 1.3570 – 1.3590
- Stop Loss Level: 1.3690
Should price action for the EURUSD breakdown below 1.3640 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.3570 – 1.3590
- Stop Loss Level: 1.3690
Should price action for the EURUSD breakout above 1.3660 the following trade set-up is recommended:
- Timeframe H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3670
- Take Profit Zone: 1.3800 – 1.3820
- Stop Loss Level: 1.3610
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
You may also be interested in reading the following posts: