NEWS: EUR/USD price increased 0.4% after US inflation data. The data from the US showed that the annual CPI inflation climbed to 7% in December from 6.8% in November.
Possible Scenarios:
If EUR/USD fails to breach through R2 of 1.14063, our Research Department expects the EUR/USD to undergo a short-term downward correction.
If EUR/USD manages to break above its R2 of 1.14063, our Research Department expects the EUR/USD to extend its gains to its R3 of 1.14259.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.12953 |
1.13149 |
1.13345 |
1.13606 |
1.13867 |
1.14063 |
1.14259 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88 |
(+/-) £73.42 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13632
***GBP/USD = 1.36200
Calculations for exchange rate used as of 13:19 (GMT) 12/1/2022