Should price action for the EURUSD remain inside the 1.3120 to 1.3160 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3130
• Take Profit Zone: 1.3400 – 1.3440
• Stop Loss Level: 1.3010

Should price action for the EURUSD breakout above 1.3160 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: 1.3400 – 1.3440
• Stop Loss Level: 1.3010

Should price action for the EURUSD breakdown below 1.3120 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3110
• Take Profit Zone: 1.2970 – 1.3000
• Stop Loss Level: 1.3170

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

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