NEWS: EURUSD price is falling -0.6% following a stronger US dollar
Possible Scenarios:
If EURUSD fails to breach through S1 of 1.11512, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S1 of 1.11512, our Research Department expects the EURUSD to extend its losses to its S2 of 1.11191.
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.10870 |
1.11191 |
1.11512 |
1.11940 |
1.12368 |
1.12689 |
1.13010 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.6 |
(+/-) £75.42 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.11603
***GBP/USD = 1.32598
Calculations for exchange rate used as of Friday, May 16, 2025, 15:20 GMT+1