NEWS: EUR/USD is falling -0.3% as the dollar rises amid higher bond yields
Possible Scenarios:
If EUR/USD fails to breach through S1 of 1.1251, our Research Department expects the EUR/USD to undergo a short-term upward correction.
If EUR/USD manages to break below its S1 of 1.1251, our Research Department expects the EUR/USD to extend its losses to its S2 of 1.12283.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.12055 |
1.12283 |
1.12510 |
1.12814 |
1.13118 |
1.13345 |
1.13573 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.72 |
(+/-) £74.19 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12710
***GBP/USD = 1.34791
Calculations for exchange rate used as of 13:44 (GMT) 04/1/2022