NEWS: EUR/USD price is falling -0.5%. The Dollar continued to strengthen today after the Fed met yesterday and announced an increase in the pace of interest rate rises in 2023
Possible Scenarios:
If EUR/USD fails to breach through S1 of 1.19187, our Research Department expects the EUR/USD to undergo a short-term upward correction.
If EUR/USD manages to break below its S1 of 1.19187, our Research Department expects the EUR/USD to extend its losses to its S2 of 1.18958.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.18729 |
1.18958 |
1.19187 |
1.19493 |
1.19799 |
1.20028 |
1.20257 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €83.69 |
(+/-) £71.62 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.19488
***GBP/USD = 1.39634
Calculations for exchange rate used as of 08:40 (GMT+1) 17/06/20