NEWS: EURUSD price is falling 0.4%. The Euro fell sharply as Federal Reserve Chair Jerome Powell maintained the Fed’s aggressive interest rate stance, while the ECB is still anticipated to maintain a more dovish approach to interest rates.
Possible Scenarios:
If EURUSD fails to breach through S1 of 1.03784, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S1 of 1.03784, our Research Department expects the EURUSD to extend its losses to its S2 of 1.03529
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.03274 |
1.03529 |
1.03784 |
1.04124 |
1.04464 |
1.04719 |
1.04974 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.96 |
(+/-) £81.83 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05310
***GBP/USD = 1.22198
Calculations for exchange rate used as of 12:00 (GMT+1) 30/6/2022