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