NEWS: The EUR/USD fell on a stronger US dollar as investors and traders see at least three interest rate hikes in the US in 2022, which tends to support the US currency.
Possible Scenarios:
If EUR/USD fails to break below Support 2 of 1.12813, our Research Department expects EUR/USD to undergo a short-term upward correction.
If EUR/USD manages to break below Support 2 of 1.12813, our Research Department expects EUR/USD to extend its losses to its Support 3 of 1.12610.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.12610 |
1.12813 |
1.13015 |
1.13285 |
1.13555 |
1.13758 |
1.13960 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)88.40€ |
(+/-)73.73£ |
* 1 trading lot is equivalent of 100000 units
** EUR/USD = 1.13123
*** GBP/USD = 1.35626
Calculations for exchange rate used as of 14:00 (GMT) 10/01/2022