EURUSD – June 3rd 2014

Should price action for the EURUSD remain inside the 1.3590 to 1.3630 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3600
• Take Profit Zone: 1.3880 – 1.3920
• Stop Loss Level: 1.3480

Should price action for the EURUSD breakout above 1.3630 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: 1.3880 – 1.3920
• Stop Loss Level: 1.3480

Should price action for the EURUSD breakdown below 1.3590 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3570
• Take Profit Zone: 1.3450 – 1.3480
• Stop Loss Level: 1.3640

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:

• PaxForex totals 5,185 pips in May
• USDCHF – June 2nd 2014
• USDJPY – May 30th 2014
• The role of indicators in the Forex market
• How can you create a forex trading plan?