EURUSD price is falling -0.5%

Fast Moving Market - 08/01/2025

08 January, 2025

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.

NEWS: EURUSD price is falling -0.5% following worse than expected economic data from Germany -Factory orders (-5.4% vs -0.3% expected) and Retail Sales (-0.6% vs 0.5% expected)

Possible Scenarios:

If EURUSD fails to breach through Reference Price of 1.03086, our Research Department expects the EURUSD to undergo a short- term upward correction.

If EURUSD manages to break below its Reference Price of 1.03086, our Research Department expects the EURUSD to extend its losses to its S1 of 1.02739

Support and Resistance Levels:

EURUSD	S3	S2	S1	Reference Price	R1	R2	R3
EURUSD	1.02220	1.02480	1.02739	1.03086	1.03433	1.03692	1.03952

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*	USD	EUR**	GBP***
10 pips per 1 trading lot*	(+/-) $100	(+/-) €96.96	(+/-) £80.33

*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.03140
***GBP/USD= 1.24489
Calculations for exchange rate used as of Wednesday, January 8, 2025, 11:25 GMT

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