NEWS: The EURUSD quote decreased 0.3% as the hawkish comments from NY Fed President Williams and upbeat trade balance data from the US helped the dollar gather strength against its European rivals.
Possible Scenario:
If EURUSD fails to breach through S2 of 1.05227, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.05227, our Research Department expects the EURUSD to extend its losses to its S3 of 1.0497
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.04970 |
1.05227 |
1.05484 |
1.05826 |
1.06168 |
1.06425 |
1.06682 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.42 |
(+/-) £81.45 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05908
***GBP/USD = 1.22782
Calculations for exchange rate used as of 11:40 (GMT+1) 28/6/2022