EURUSD – September 22nd 2014
EURUSD – September 22nd 2014
Written by: PaxForex analytics dept - Monday, 22 September 2014 0 comments
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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