NEWS: EURUSD price is falling -0.2% after the ECB decided not to cut interest rates.
Possible Scenarios:
If EURUSD fails to breach through S1 of 1.17147, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S1 of 1.17147, our Research Department expects the EURUSD to extend its losses to its S2 of 1.16913
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.16678 |
1.16913 |
1.17147 |
1.17460 |
1.17773 |
1.18007 |
1.18242 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.2 |
(+/-) £73.86 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17365
***GBP/USD = 1.35388
Calculations for exchange rate used as of Thursday, July 24, 2025, 13:45 GMT+1