EUR/USD Weekly Special Report based On 1.00 Lot Calculation:
● EVENT (US CPI (APRIL) - WEDNESDAY 15 MAY, 2024 - 13:30 GMT+1): The United States is expected to release its CPI inflation figures for the month of April on May 15th, 2024. Inflation is down significantly since its peak of 9.1% in July 2022 to 3.5% as of the latest reading. If the print comes in lower than expected this could weaken the dollar and push the EURUSD pair higher.
● EVENT (EUR CPI APRIL - MAY 17, 2024 09:00 GMT+1): The Eurozone is anticipated to release its CPI inflation data for the month of April on May 17th 2024. The previous reading came in at 2.4%. If the Eurozone CPI comes in higher than expected this could potentially push the EURUSD pair higher.
EURUSD, May 7, 2024
Current Price:1.076
EUR/USD |
Weekly |
Trend direction |
|
1.097 |
|
1.090 |
|
1.083 |
|
1.069 |
|
1.066 |
|
1.063 |
EUR/USD |
||||||
Pivot Points |
||||||
Profit or loss in $ |
2,100.00 |
1,400.00 |
700.00 |
-700.00 |
-1,000.00 |
-1,300.00 |
Profit or loss in €² |
1,950.68 |
1,300.45 |
650.23 |
-650.23 |
-928.89 |
-1,207.56 |
Profit or loss in £² |
1,674.28 |
1,116.19 |
558.09 |
-558.09 |
-797.28 |
-1,036.46 |
Profit or loss in C$² |
2,873.11 |
1,915.41 |
957.70 |
-957.71 |
-1,368.15 |
-1,778.60 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 12:45 (GMT+1) 7/5/2024
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- You may wish to consider closing your position in profit, even if it is lower than suggested one
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