EURUSD – May 21st 2014
EURUSD – May 21st 2014
Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments
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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