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