NEWS: EURUSD price is falling 0.3% ahead of the Fed Meeting later today.
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.08353, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.08353, our Research Department expects the EURUSD to extend its losses to its S3 of 1.08217.
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.08217 |
1.08353 |
1.08489 |
1.08670 |
1.08851 |
1.08987 |
1.09123 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.25 |
(+/-) £78.77 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.08398
***GBP/USD = 1.26951
Calculations for exchange rate used as of Wednesday, March 20, 2024, 09:15 GMT