EURUSD – September 29th 2014
EURUSD – September 29th 2014
Written by: PaxForex analytics dept - Monday, 29 September 2014 0 comments
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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