CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

EUR/USD price is falling -0.8%

Fast Moving Market - 15/01/2021

15 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: EUR/USD price is falling -0.8%. Investors have been looking for safer currencies like the US Dollar again, as expectations for a global economic rebound are tempered slightly.

Possible Scenarios:

If EUR/USD fails to breach through S1 of 1.20997, our Research Department expects the EUR/USD to undergo a short-term upward correction.

If EUR/USD manages to break below its S1 of 1.20997, our Research Department expects the EUR/USD to extend its losses to its S2 of 1.20768

Support and Resistance Levels:

EUR/USD

S3

S2

S1

Reference Price

R1

R2

R3

1.20538

1.20768

1.20997

1.21302

1.21607

1.21837

1.22066

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €82.21

(+/-) £73.28

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.21642
***GBP/USD = 1.36465
Calculations for exchange rate used as of 05:05(GMT) 15/01/2021

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Euro - US Dollar Chart
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