NEWS: The EUR/USD quote decreased 0.2% as the benchmark 10-year US Treasury bond yield jumped to its strongest level since March. In addition, the highest number of daily Covid-19 infections are recorded in France and Italy.
Possible Scenarios:
If EUR/USD fails to breach through S1 of 1.12743, our Research Department expects the EUR/USD to undergo a short-term upward correction.
If EUR/USD manages to break below its S1 of 1.12743, our Research Department expects the EUR/USD to extend its losses to its S2 of 1.12526.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.12310 |
1.12526 |
1.12743 |
1.13031 |
1.13319 |
1.13536 |
1.13752 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.22 |
(+/-) £73.79 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12858
***GBP/USD = 1.35016
Calculations for exchange rate used as of 08:00 (GMT) 6/1/2022