NEWS: EUR/USD price is falling 0.8% on a stronger US Dollar as the EU prepares retaliation against latest Trump tariffs on the EU.
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.09972, our Research Department expects EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.09972, our Research Department expects EURUSD to extend its losses to its S3 of 1.09608.
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.09608 |
1.09972 |
1.10337 |
1.10823 |
1.11309 |
1.11674 |
1.12038 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €90.78 |
(+/-) £76.8 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.10161
***GBP/USD = 1.30210
Calculations for exchange rate used as of Friday, April 4, 2025, 09:00 GMT+1