EURUSD price is falling 0.4%

Fast Moving Market - 02/10/2023

02 October, 2023

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%. EURUSD and all other /USD pairs prices are falling on the back of a stronger US dollar.

Possible Scenarios:

If EURUSD fails to breach through S1 of 1.05091, our Research Department expects the EURUSD to undergo a short- term upward correction.

If EURUSD manages to break below its S1 of 1.05091, our Research Department expects the EURUSD to extend its losses to its S2 of 1.04875

Support and Resistance Levels:

EURUSD	S3	S2	S1	Reference Price	R1	R2	R3
EURUSD	1.04659	1.04875	1.05091	1.05379	1.05667	1.05883	1.06099

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*			USD	EUR**	GBP***
10 pips per 1 trading lot*			(+/-) $100	(+/-) €94.95	(+/-) £82.3

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05320
***GBP/USD = 1.21506
Calculations for exchange rate used as of Monday, October 2, 2023 GMT+1, 12:00: PM

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Euro - US Dollar Chart

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