NEWS: EUR/USD is rising 1.1%, testing its highest level in three weeks, as recent announcements of new US tariffs on some European products have increased volatility and uncertainty.
Possible Scenarios:
If EURUSD fails to breach through R2 of 1.17693, our Research Department expects EURUSD to undergo a short- term downward correction.
If EURUSD manages to break above its R2 of 1.17693, our Research Department expects EURUSD to extend its gains to its R3 of 1.17819.
Support and Resistance Levels:
|
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.16981 |
1.17107 |
1.17232 |
1.17400 |
1.17568 |
1.17693 |
1.17819 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.18 |
(+/-) £74.34 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17405
***GBP/USD = 1.34512
Calculations for exchange rate used as of Tuesday, January 20, 2026, 13:50 GMT