NEWS: EURUSD price is falling 0.3% along with all other USD Pairs as the US Dollar strengthened.
Possible Scenarios:
If EURUSD fails to breach through S1 of 1.06855, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S1 of 1.06855, our Research Department expects the EURUSD to extend its losses to its S2 of 1.06657
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.06458 |
1.06657 |
1.06855 |
1.07120 |
1.07385 |
1.07583 |
1.07782 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.78 |
(+/-) £79.99 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.06638
***GBP/USD= 1.25019
Calculations for exchange rate used as of Friday, April 12, 2024, 10:26 GMT+1