EURUSD – May 28th 2014

Should price action for the EURUSD remain inside the 1.3610 to 1.3640 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3620
• Take Profit Zone: 1.3910 – 1.3940
• Stop Loss Level: 1.3500

Should price action for the EURUSD breakout above 1.3640 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: 1.3910 – 1.3940
• Stop Loss Level: 1.3500

Should price action for the EURUSD breakdown below 1.3610 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3590
• Take Profit Zone: 1.3470 – 1.3500
• Stop Loss Level: 1.3650

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

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