NEWS: EURUSD price is increasing 0.6% following higher than expected PPI inflation coming out of the U.S.
Possible Scenarios:
If EURUSD fails to breach through R1 of 1.04531, our Research Department expects the EURUSD to undergo a short- term downward correction.
If EURUSD manages to break above its R1 of 1.04531, our Research Department expects the EURUSD to extend its gains to its R2 of 1.04771.
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.03408 |
1.03649 |
1.03889 |
1.04210 |
1.04531 |
1.04771 |
1.05012 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €95.9 |
(+/-) £79.91 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.04273
***GBP/USD = 1.25149
Calculations for exchange rate used as of Thursday, February 13, 2025, 15:30 GMT