EURUSD – September 22nd 2014

Should price action for the EURUSD remain inside the 1.2830 to 1.2870 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Posа ition @ 1.2850
• Take Profit Zone: 1.3660 – 1.3700
• Stop Loss Level: 1.2640

Should price action for the EURUSD breakout above 1.2870 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: 1.3660 – 1.3700
• Stop Loss Level: 1.2640

Should price action for the EURUSD breakdown below 1.2830 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2820
• Take Profit Zone: 1.2570 – 1.2610
• Stop Loss Level: 1.2980

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

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• GBPUSD – September 19th 2014
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