EURUSD – September 29th 2014

Should price action for the EURUSD remain inside the 1.2640 to 1.2680 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.2660
• Take Profit Zone: 1.3620 – 1.3660
• Stop Loss Level: 1.2430

Should price action for the EURUSD breakout above 1.2680 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: 1.3620 – 1.3660
• Stop Loss Level: 1.2430

Should price action for the EURUSD breakdown below 1.2640 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2630
• Take Profit Zone: 1.2360 – 1.2400
• Stop Loss Level: 1.2680

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

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