NEWS: EURUSD price is falling 0.3% to reach the lowest rate in five days as the U.S. dollar is strengthening following announcements of new tariffs by the Trump administration.
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.04053, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.04053, our Research Department expects the EURUSD to extend its losses to its S3 of 1.03831
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.03831 |
1.04053 |
1.04274 |
1.04569 |
1.04864 |
1.05085 |
1.05307 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €95.9 |
(+/-) £79.36 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.04276
***GBP/USD= 1.26016
Calculations for exchange rate used as of Wednesday, February 19, 2025, 10:05 (GMT)