NEWS: The EURUSD price is falling 0.2%. The greenback turned volatile amid increased uncertainty over the U.S. presidential race, after President Joe Biden said he will not seek reelection, and endorsed Vice President Kamala Harris as the Democratic nominee.
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.08620, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.08620, our Research Department expects the EURUSD to extend its losses to its S3 of 1.08508
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.08508 |
1.08620 |
1.08731 |
1.08880 |
1.09029 |
1.09140 |
1.09252 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €91.99 |
(+/-) £77.45 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.08704
***GBP/USD= 1.29119
Calculations for exchange rate used as of Tuesday, July 23, 2024, 10:20: AM