NEWS: The EUR/USD quote increased 0.2% ahead of the US CPI numbers for August, to be released early this afternoon.
Possible Scenarios:
If EUR/USD fails to breach through R1 of 1.18299, our Research Department expects the EUR/USD to undergo a short-term downward correction.
If EUR/USD manages to break above its R1 of 1.18299, our Research Department expects the EUR/USD to extend its gains to its R2 of 1.18432.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S3 |
Reference Price |
R1 |
R2 |
R3 |
1.17677 |
1.17810 |
1.17943 |
1.18121 |
1.18299 |
1.18432 |
1.18565 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.1 |
(+/-) £73.01 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17514
***GBP/USD = 1.36973
Calculations for exchange rate used as of 08:50 (GMT+1) 14/09/2021