NEWS: EURUSD is falling -0.4% as market participants still asses future interest rate dynamics from US Federal Reserve
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.07596, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.07596, our Research Department expects the EURUSD to extend its losses to its S3 of 1.07287
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.07287 |
1.07596 |
1.07906 |
1.08319 |
1.08732 |
1.09042 |
1.09351 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.68 |
(+/-) £81.61 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.07896
***GBP/USD = 1.22531
Calculations for exchange rate used as of Friday, March 24, 2023, 08:15: AM