EUR/USD Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Wednesday, June 16, 07:00 PM GMT+1 – The US Federal Reserve’s interest rate decision with an accompanying media conference of the Fed Chair Jerome Powel.
- As Europe is moving to a full reopening, business and consumer sentiment figures have been upbeat and all major economic indicators are pointing to a solid and sustained post-pandemic recovery of the euro zone economy;
- The currency pair is in the long-term uptrend that may continue.
EUR/USD, June 14, 2021
Current Price: 1.2109
|
EUR/USD |
Weekly |
|
Trend Direction |
|
|
1.2229 |
|
|
1.2209 |
|
|
1.2189 |
|
|
1.2029 |
|
|
1.2009 |
|
|
1.1989 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,200 |
1,000 |
800 |
-800 |
-1,000 |
-1,200 |
|
Profit or loss Short in €** |
991 |
825 |
660 |
-660 |
-825 |
-991 |
|
Profit or loss Short in £** |
852 |
710 |
568 |
-568 |
-710 |
-852 |
|
Profit or loss Short in C$** |
1,459 |
1,216 |
973 |
-973 |
-1,216 |
-1,459 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 10:05 am (GMT+1) 14/6/2021
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