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 quote is rising 0.3%

Fast Moving Market - 13/01/2022

13 January, 2022

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: The EUR/USD quote increased 0.3% as the US dollar still faces heavy selling pressure after the data from the US showed yesterday that the annual CPI inflation climbed to 7%, as expected.

Possible Scenarios:

If EUR/USD fails to breach through R2 of 1.14892, our Research Department expects the EUR/USD to undergo a short-term downward correction.

If EUR/USD manages to break above its R2 of 1.14892, our Research Department expects the EUR/USD to extend its gains to its R3 of 1.15105.

Support and Resistance Levels:

EUR/USD

S3

S2

S1

Reference Price

R1

R2

R3

1.13683

1.13896

1.14110

1.14394

1.14678

1.14892

1.15105

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €88

(+/-) £73.42

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.14632
***GBP/USD = 1.37320
Calculations for exchange rate used as of 08:15 (GMT) 13/1/2022

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