EUR/USD uptrend opportunity based On 1.00 Lot Calculation:
- A Democratic victory in the Senate election in Georgia means the implementation of the "blue wave" scenario, with Democrats controlling both houses of Congress. The development of the situation increases the probability of further easing of fiscal policy in the near future. This could mean further decline for the dollar.
- The FOMC minutes did not provide any significant new information. All FOMC members supported the current pace of bond purchases ($ 80 billion in Treasury bonds and $ 40 billion MBS per month), while some hinted that the eventual reduction should be the same as it was after the financial crisis.
- On Friday, all the attention will be focused on the labor market report.
EUR/USD January 8, 2021
Current Price: 1.2240
|
EUR/USD |
Weekly |
|
Trend Direction |
|
|
1.2540 |
|
|
1.2440 |
|
|
1.2340 |
|
|
1.2145 |
|
|
1.2045 |
|
|
1.1950 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
3,000.00 |
2,000.00 |
1,000.00 |
-950.00 |
-1,950.00 |
-2,900.00 |
|
Profit or loss Short in €** |
2,450.98 |
1,633.99 |
816.99 |
-776.14 |
-1,593.14 |
-2,369.28 |
|
Profit or loss Short in £** |
1,865.57 |
1,522.30 |
761.15 |
-723.09 |
-1,484.24 |
-2,207.34 |
|
Profit or loss Short in C$** |
3,905.70 |
2,603.80 |
1,301.90 |
-1,236.81 |
-2,538.71 |
-3,775.51 |
* 1.00 lot is equivalent of 100 000 units
** Calculations for exchange rate used as of 11:20 am (GMT) 08/01/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details