EUR/USD Weekly Special Report based On 1.00 Lot Calculation:
● EVENT: THURSDAY JULY 18 AT 13:15 GMT+1: EUROPEAN CENTRAL BANK INTEREST RATE DECISION: The European Central Bank (ECB) is set to announce its Interest Rate decision on Thursday July 18. At the previous meeting, the ECB made its first rate cut since March 2016, lowering the Interest Rate from 4.5% to 4.25%. Should the ECB give dovish guidance that could push the EURUSD pair higher.
• FRIDAY, JULY 26 AT 13:30 GMT+1: US CORE PCE PRICE INDEX FOR JUNE. The US will be reporting its core PCE price index for June, which is an important inflation metric that the Federal Reserve uses to determine future policy rates. Core PCE has been declining, and further declines could lead to higher rate cut probabilities, which could positively influence the EURUSD pair.
● EVENT: WEDNESDAY, JULY 31 AT 19:00 GMT+1: US FEDERAL RESERVE INTEREST RATE DECISION. The Federal Reserve Bank will meet on July 31, to set the Fed Funds rate target. According to the most recent estimates, analysts are expecting the Federal Reserve to hold interest rates at the current level of 5.50%, but chances have been rising for a September cut which could push the EURUSD pair higher.
EURUSD, JULY 17, 2024
Current Price: 1.0930
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.1500 |
|
|
1.1200 |
|
|
1.1000 |
|
|
1.0860 |
|
|
1.0830 |
|
|
1.0800 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
5,700.00 |
2,700.00 |
700.00 |
-700.00 |
-1,000.00 |
-1,300.00 |
|
Profit or loss in €² |
5,211.40 |
2,468.56 |
640.00 |
-640.00 |
-914.28 |
-1,188.57 |
|
Profit or loss in £² |
4,374.37 |
2,072.07 |
537.20 |
-537.20 |
-767.43 |
-997.66 |
|
Profit or loss in C$² |
7,789.31 |
3,689.67 |
956.58 |
-956.58 |
-1,366.55 |
-1,776.51 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 10:20 (GMT+1) 17/07/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.