NEWS: EUR/USD price is falling -0.4%. The Euro and other major currencies are losing strength against the Greenback due to rising U.S. Treasury yields. The yields on the 10-Year Treasury Note climbed above 1.38% after starting the day at 1.33%.
Possible Scenarios:
If EUR/USD fails to breach through S1 of 1.17410, our Research Department expects the EUR/USD to undergo a short-term upward correction.
If EUR/USD manages to break below its S1 of 1.17410, our Research Department expects the EUR/USD to extend its losses to its S2 of 1.17267.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.17124 |
1.17267 |
1.17410 |
1.17600 |
1.17790 |
1.17933 |
1.18076 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.16 |
(+/-) £72.68 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17425
***GBP/USD = 1.37586
Calculations for exchange rate used as of 15:21 (GMT+1) 17/09/2021