EURUSD – September 15th 2014

Should price action for the EURUSD remain inside the 1.2900 to 1.2940 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.2920
• Take Profit Zone: 1.3650 – 1.3690
• Stop Loss Level: 1.2680

Should price action for the EURUSD breakout above 1.2940 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: 1.3650 – 1.3690
• Stop Loss Level: 1.2680

Should price action for the EURUSD breakdown below 1.2900 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2890
• Take Profit Zone: 1.2600 – 1.2640
• Stop Loss Level: 1.3010

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

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