CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

EURUSD price is falling -0.4%

Fast Moving Market - 30/06/2022

30 June, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

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