NEWS: EURUSD prices increased 0.4%. The EURUSD and all other /USD pairs are rising ahead of upcoming US Economic Data.
Possible Scenarios:
If EURUSD fails to breach through R2 of 1.05490, our Research Department expects the EURUSD to undergo a short- term downward correction.
If EURUSD manages to break above its R2 of 1.05490, our Research Department expects the EURUSD to extend its gains to its R3 of 1.05686.
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.04382 |
1.04578 |
1.04773 |
1.05034 |
1.05295 |
1.05490 |
1.05686 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.94 |
(+/-) £81.96 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05327
***GBP/USD = 1.22005
Calculations for exchange rate used as of Thursday, September 28, 2023 GMT+1, 12:00 PM