EUR/USD

Special Reports - 07/05/2024

07 May, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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	UP
Resistance 3	1.097
Resistance 2	1.090
Resistance 1	1.083
Support 1	1.069
Support 2	1.066
Support 3	1.063

EUR/USD
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
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

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more details

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