CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

EURUSD price is increasing 0.8%

Fast Moving Market - 20/01/2025

20 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 increasing 0.8% following Donald Trump’s statements that trade tariffs won’t be implemented just yet

Possible Scenarios:

If EURUSD fails to breach through Reference Price of 1.03882, our Research Department expects the EURUSD to undergo a short- term downward correction.

If EURUSD manages to break above its Reference Price of 1.03882, our Research Department expects the EURUSD to extend its gains to its R1 of 1.04190.

Support and Resistance Levels:

EURUSD

S3

S2

S1

Reference Price

R1

R2

R3

1.03111

1.03342

1.03574

1.03882

1.04190

1.04422

1.04653

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €96.42

(+/-) £81.53

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.03716
***GBP/USD = 1.22654
Calculations for exchange rate used as of Monday, January 20, 2025, 13:50 GMT

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