NEWS: EUR/USD price is climbing 0.3% after the dollar eased against a basket of other currencies
Possible Scenarios:
If EUR/USD fails to breach through R1 of 1.13324, our Research Department expects the EUR/USD to undergo a short-term downward correction.
If EUR/USD manages to break above its R1 of 1.13324, our Research Department expects the EUR/USD to extend its gains to its R2 of 1.13485.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.12574 |
1.12735 |
1.12896 |
1.13110 |
1.13324 |
1.13485 |
1.13646 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.26 |
(+/-) £74.02 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13305
***GBP/USD = 1.35094
Calculations for exchange rate used as of 10:30 (GMT) 31/12/2021