EURUSD – March 28th 2014
EURUSD – March 28th 2014
Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments
Should price action EURUSD remain inside the 1.3730 to 1.3780 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3730
- Take Profit Zone: 1.3910- 1.3950
- Stop Loss Level: 1.3640
Should price action EURUSD breakout above 1.3780 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.3910- 1.3950
- Stop Loss Level: 1.3640
Should price action EURUSD breakdown below 1.3640 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3640
- Take Profit Zone: 1.3530- 1.3560
- Stop Loss Level: 1.1.3720
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:
USDCHF - March 27th 2014
USDJPY - March 26th 2014
Gold - March 25th 2014
Why do forex traders lose money?
Investors are disappointed with statistics