EURUSD – May 21st 2014

Should price action for the EURUSD remain inside the 1.3680 to 1.3720 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3700
• Take Profit Zone: 1.3940 – 1.3980
• Stop Loss Level: 1.3590

Should price action for the EURUSD breakout above 1.3720 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: 1.3940 – 1.3980
• Stop Loss Level: 1.3590

Should price action for the EURUSD breakdown below 1.3680 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3660
• Take Profit Zone: 1.3520 – 1.3550
• Stop Loss Level: 1.3730

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

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