EUR/USD Price Analysis – May 06, 2024
Daily Price Outlook
Despite the dovish stance of the European Central Bank (ECB), the EUR/USD currency pair maintained its upward rally and remained bullish around the 1.0772 level, reaching an intraday high of 1.0776.
The upward trend could be attributed to growing expectations of interest rate cuts by the Federal Reserve and the release of disappointing job data, which weakened the US currency and contributed to gains in the EUR/USD pair.
However, the possibility of interest rate cuts by ECB policymakers, particularly in response to economic concerns, could undermine the EUR currency and limit the upside momentum for the EUR/USD currency pair.
ECB Policy Normalization and Rate Cut Disagreements Could Influence EUR/USD Trends
On the EUR front, the European Central Bank (ECB) is likely to begin normalizing its policies at the June meeting. The ECB's decision on interest rates for the latter part of the year will impact the Euro's value.
There's disagreement among ECB policymakers about extending rate cuts beyond June. Some believe that more cuts from July could help boost inflation.
Yannis Stournaras, the Bank of Greece Governor, anticipates three rate cuts this year, possibly one in July. He cites the Eurozone's stronger-than-expected economic growth in the first quarter, expanding by 0.3%, as a reason for his forecast.
If the ECB starts normalizing its policies in June, it could strengthen the Euro, driving the EUR/USD pair higher. However, continued disagreement among ECB policymakers about further interest rate cuts might limit the pair's gains. A more dovish outlook from the ECB could weaken the Euro, potentially leading to a drop in the EUR/USD rate.
US Dollar Weakness Propels EUR/USD Pair Higher Amid Expectations of Fed Rate Cuts
On the US front, the US dollar weakened due to expectations that the Federal Reserve will cut interest rates in 2024, driven by disappointing job data. The US economy added 175,000 jobs in April, well below the anticipated 243,000, indicating a slowdown in job growth.
Furthermore, wage growth was slightly lower than expected, with average hourly earnings rising by 3.9% year-over-year instead of the expected 4.0%. These factors increase the likelihood of a Fed rate cut, with nearly a 49% chance of a 25-basis-point cut in September.
Therefore, the weaker US dollar, driven by potential Fed rate cuts and disappointing job data, supported the EUR/USD pair, leading to an increase in its value.
EUR/USD - Technical Analysis
On May 6, the EUR/USD pair is subtly appreciating, marked at $1.07644, up 0.02%. It stands just above the pivotal level of $1.07535, which is instrumental in guiding today’s trading sentiment. The proximity to this pivot underscores a restrained but positive momentum as the market seeks direction.
Looking upwards, the immediate resistance at $1.08080 represents the first significant barrier to further gains. Successive resistance levels at $1.08385 and $1.08834 further map the landscape for potential bullish moves, defining clear targets for traders eyeing an extension of the upward trajectory.
Conversely, the immediate support at $1.07200 serves as the first defensive line against any downward corrections. Additional support levels are found at $1.06731 and $1.06382, providing safety nets should bearish pressures intensify.
The technical indicators add depth to this outlook, with the Relative Strength Index (RSI) currently at 61, signaling slight upward momentum but cautioning against potential overextension. The 50-day Exponential Moving Average (EMA), resting at $1.07122, lies below the current price and pivot point, reinforcing the mild bullish sentiment.
Given the current setup, where EUR/USD hovers around and slightly above its pivot point and 50 EMA, traders might consider a cautiously optimistic approach.
The recommended entry price for a bullish scenario is set at $1.07528, with a target for taking profits at $1.08082. The stop loss is advised at $1.07080 to protect against unexpected downturns.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Current Positioning: EUR/USD at $1.07644 shows slight gains, maintaining levels just above the day’s pivot point of $1.07535.
- Resistance and Support Levels: Eyes on resistance at $1.08080, with further targets at $1.08385 and $1.08834; supports established at $1.07200 and $1.06731.
- Indicator Insights: RSI at 61 coupled with the 50 EMA below current price suggests a cautiously bullish outlook for the pair.
On May 6, the EUR/USD pair is subtly appreciating, marked at $1.07644, up 0.02%. It stands just above the pivotal level of $1.07535, which is instrumental in guiding today’s trading sentiment. The proximity to this pivot underscores a restrained but positive momentum as the market seeks direction.
Looking upwards, the immediate resistance at $1.08080 represents the first significant barrier to further gains. Successive resistance levels at $1.08385 and $1.08834 further map the landscape for potential bullish moves, defining clear targets for traders eyeing an extension of the upward trajectory.
Conversely, the immediate support at $1.07200 serves as the first defensive line against any downward corrections. Additional support levels are found at $1.06731 and $1.06382, providing safety nets should bearish pressures intensify.
The technical indicators add depth to this outlook, with the Relative Strength Index (RSI) currently at 61, signalling slight upward momentum but cautioning against potential overextension. The 50-day Exponential Moving Average (EMA), resting at $1.07122, lies below the current price and pivot point, reinforcing the mild bullish sentiment.
Given the current setup, where EUR/USD hovers around and slightly above its pivot point and 50 EMA, traders might consider a cautiously optimistic approach.
The recommended entry price for a bullish scenario is set at $1.07528, with a target for taking profits at $1.08082. The stop loss is advised at $1.07080 to protect against unexpected downturns.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.07528
Take Profit – 1.08082
Stop Loss – 1.07080
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$554/ -$448
Profit & Loss Per Mini Lot = +$55/ -$44
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Entry Strategy: Consider buying above the minor resistance at 1.07158, anticipating a push towards higher resistance levels.
- Profit Targets: Set an initial take profit near the first resistance post-entry at 1.07523, adjusting based on market response and momentum.
- Risk Management: Place a stop loss at 1.06847 to manage potential downside risk effectively, ensuring tight control on trade exposure amidst volatile trading conditions.
The EUR/USD pair shows a modest uptick in today's trading, rising by 0.08% to a price of 1.07308. This movement positions the currency pair just below a crucial pivot point set at 1.0752, indicating potential resistance and key levels to watch.
The Relative Strength Index (RSI) stands at 60, suggesting that the market is approaching overbought conditions, which could temper bullish momentum. Additionally, the 50-Day Exponential Moving Average (EMA) is currently at 1.0702, providing near-term support that aligns closely with today's market behavior.
In terms of resistance, the immediate hurdle for the EUR/USD pair is at 1.0753, closely followed by the subsequent levels at 1.0780 and 1.0809. These thresholds represent critical points where selling pressure might intensify, potentially capping further advances.
On the flip side, the currency finds robust support at 1.0673, with additional layers at 1.0638 and 1.0602. These levels could serve as bounce points if the pair retreats from its current price.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.07158
Take Profit – 1.07523
Stop Loss – 1.06847
Risk to Reward – 1: 1.1
Profit & Loss Per Standard Lot = +$365/ -$311
Profit & Loss Per Mini Lot = +$36/ -$31
EUR/USD Price Analysis – May 03, 2024
Daily Price Outlook
Despite the ECB being widely anticipated to start reducing interest rates in June, the EUR/USD currency pair maintained its upward trend and remained well bid around 1.0805, hitting the intraday high of 1.0812 level.
However, the reason for its upward trend could be attributed to the bearish US dollar and dovish Fed stance on interest rates.
The US Dollar (USD) is under pressure due to weak Q1 nonfarm productivity growth, and as the Federal Reserve (Fed) delivered less hawkish guidance on interest rates than feared.
In contrast to this, the European Central Bank is widely expected to reduce interest rates in June, which was seen as a key factor that capped further gains in the EUR/USD pair.
US Economic Developments and Impact on USD/EUR Pair
On the US front, the broad-based US dollar, as measured by the US Dollar Index (DXY), is trading near a three-week low around 105.20. Fed Chair Jerome Powell made cautious comments after the decision to keep interest rates steady at 5.25%-5.50%.
He signaled no plans for further rate hikes, which has led to the weakening of the US Dollar (USD). This "dovish" stance suggests the Fed is prioritizing economic growth over controlling inflation.
On the data front, US Initial Jobless Claims for the week ending April 26 remained steady at 208K, the lowest level in two months and below the expected 212K, which could give the Federal Reserve room to delay interest rate cuts. Meanwhile, US Nonfarm Productivity in the first quarter increased by 0.3%, lower than the anticipated 0.8% and the previous quarter's 3.5% rise.
This marks the slowest productivity growth since the January-March quarter in 2023. These figures suggest a stable job market but weaker productivity, which could impact the Fed's decision-making regarding monetary policy.
Therefore, the dovish stance of the Fed and weaker-than-expected US economic data have contributed to the weakening of the US dollar, supporting the upward trend of the EUR/USD pair.
Eurozone Economic Developments and Impact on EUR/USD Pair
On the Eurozone front, the European Central Bank is likely to lower interest rates in June, as long as inflation stays in check and remains on track to reach the desired 2% rate.
The hopes for the ECB achieving a smooth transition have grown, thanks to the Eurozone economy's stronger-than-expected performance, expanding by 0.3% in the first quarter of this yeaar, surpassing the anticipated 0.1% growth.
Hence, the anticipation of lower interest rates in June by the European Central Bank, coupled with the Eurozone's stronger economic growth, is likely to weaken the euro against the US dollar. Investors may favor the dollar due to potentially higher interest rates, leading to downward pressure on the EUR/USD pair.
EUR/USD - Technical Analysis
The EUR/USD pair shows a modest uptick in today's trading, rising by 0.08% to a price of 1.07308. This movement positions the currency pair just below a crucial pivot point set at 1.0752, indicating potential resistance and key levels to watch.
The Relative Strength Index (RSI) stands at 60, suggesting that the market is approaching overbought conditions, which could temper bullish momentum. Additionally, the 50-Day Exponential Moving Average (EMA) is currently at 1.0702, providing near-term support that aligns closely with today's market behavior.
In terms of resistance, the immediate hurdle for the EUR/USD pair is at 1.0753, closely followed by the subsequent levels at 1.0780 and 1.0809. These thresholds represent critical points where selling pressure might intensify, potentially capping further advances.
On the flip side, the currency finds robust support at 1.0673, with additional layers at 1.0638 and 1.0602. These levels could serve as bounce points if the pair retreats from its current price.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD is marginally down today, indicating cautious trading just below the pivot point.
- The pair shows potential for recovery with resistance and support levels closely monitored.
- Strategy suggests a cautious buy with a clear target and stop loss to capture potential upswings.
In today's session, the EUR/USD pair is slightly down, trading at $1.06630, a decrease of 0.04%. This minor downtick reflects a cautious market posture ahead of key economic releases. Positioned just below its pivotal point at $1.06871, the pair’s movements suggest a hovering uncertainty among traders.
Resistance for EUR/USD is initially found at $1.06889, with further ceilings at $1.07204 and $1.07534 that need to be surpassed for significant bullish momentum. On the downside, the immediate support lies at $1.06322, extending to $1.06018 and $1.05627, which serve as crucial buffers against potential declines.
The Relative Strength Index (RSI) stands at 39, indicating a slight lean towards oversold conditions, which could foretell a potential for recovery if market conditions permit. Additionally, the 50-Day Exponential Moving Average (EMA) aligns closely at $1.06887, underscoring a pivotal role in short-term price direction.
Given the proximity of the current price to critical technical levels, adopting a cautious approach may be wise. An ideal trading strategy would be to initiate a buy position slightly above the current market price at $1.06562, targeting the pivot point at $1.06871 for potential profit-taking, and placing a stop loss at $1.06258 to manage risks effectively.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.06562
Take Profit – 1.06871
Stop Loss – 1.06258
Risk to Reward – 1: 1
Profit & Loss Per Standard Lot = +$309/ -$304
Profit & Loss Per Mini Lot = +$30/ -$30
EUR/USD Price Analysis – May 01, 2024
Daily Price Outlook
Despite previously released upbeat Eurozone data, the EUR/USD currency pair failed to gain positive momentum and remained bearish around the 1.0663 level, hitting an intraday low of 1.0649.
However, the declining streak can be attributed to multiple factors, including a bullish US dollar and a dovish stance from the European Central Bank (ECB) regarding interest rate cuts. In contrast, Eurozone GDP growth surpassed forecasts, increasing by 0.3% in Q1.
This indicates stronger-than-anticipated economic expansion within the Eurozone during the period, which was seen as one of the key factors helping the EUR/USD pair to limit its downward trend.
US Dollar Strengthens on Upbeat Economic Data and Hawkish Fed Comments
On the US front, the broad-based US dollar gained traction on the back of better-than-expected Employment Cost Index data. Furthermore, the upticks in the US dollar were further bolstered by the comments from Fed officials, suggesting no urgent need for rate cuts.
On the data front, the US Employment Cost Index rose by 1.2%, marking its biggest increase in a year, surpassing both the expected 1.0% and the previous 0.9%. This indicates that the persisting wage pressures might intensify the impact of ongoing inflation in the US economy.
Therefore, the US dollar gained strength against the Euro due to positive US data and hawkish Fed comments. Moving ahead, traders are expected to closely watch the release of the ADP Employment Change and ISM Manufacturing PMI from the US on Wednesday, just before the Fed's Monetary Policy Statement.
Eurozone Economic Indicators Support Potential Euro Strength
On the EUR front, Eurozone GDP grew by a better-than-expected 0.3% in Q1. Furthermore, the Harmonized Index of Consumer Prices (HICP) saw steady year-over-year growth, meeting forecasts, while core HICP, excluding food and energy prices, softened but still surpassed estimates.
However, the Eurozone's stronger-than-expected Q1 GDP growth and steady HICP inflation figures, despite a slight softening in core HICP, could bolster the euro against the US dollar.
Hence, the Eurozone's robust Q1 GDP growth and steady inflation figures could strengthen the euro against the US dollar, driving the EUR/USD pair higher.
EUR/USD - Technical Analysis
In today's session, the EUR/USD pair is slightly down, trading at $1.06630, a decrease of 0.04%. This minor downtick reflects a cautious market posture ahead of key economic releases. Positioned just below its pivotal point at $1.06871, the pair’s movements suggest a hovering uncertainty among traders.
Resistance for EUR/USD is initially found at $1.06889, with further ceilings at $1.07204 and $1.07534 that need to be surpassed for significant bullish momentum. On the downside, the immediate support lies at $1.06322, extending to $1.06018 and $1.05627, which serve as crucial buffers against potential declines.
The Relative Strength Index (RSI) stands at 39, indicating a slight lean towards oversold conditions, which could foretell a potential for recovery if market conditions permit. Additionally, the 50-Day Exponential Moving Average (EMA) aligns closely at $1.06887, underscoring a pivotal role in short-term price direction.
Given the proximity of the current price to critical technical levels, adopting a cautious approach may be wise. An ideal trading strategy would be to initiate a buy position slightly above the current market price at $1.06562, targeting the pivot point at $1.06871 for potential profit-taking, and placing a stop loss at $1.06258 to manage risks effectively.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Opt for a buy entry if EUR/USD exceeds the 1.07076 mark, aiming for profits at 1.07534.
- Establish a stop-loss at 1.06683 to protect against unexpected downturns.
- Monitor RSI and 50 EMA closely, as they provide crucial insights into the current market sentiment and potential shifts in momentum.
Today, the EUR/USD pair has shown notable strength, registering a gain of 0.35%, and trading at 1.07288. This upward movement comes as the currency pair tests key technical levels on a 4-hour chart. Currently, EUR/USD hovers slightly above the pivot point of 1.07082, suggesting a possible continuation of the bullish trend if it maintains this momentum.
If the pair sustains above the pivot point, the immediate resistance at 1.07534 could be the next target. Breaching this level might open the path towards higher resistance levels at 1.07777 and 1.08088. Conversely, if the pair reverses its gains, it could find support at 1.06783. Further declines might test subsequent support levels at 1.06431 and 1.06090, marking critical zones that could halt a downward trajectory.
The technical indicators reinforce the bullish outlook, with the Relative Strength Index (RSI) at 57 indicating a slight bullish momentum without venturing into overbought territory. The 50-Day Exponential Moving Average (EMA) sits just below the current price at 1.07043, further supporting the potential for upward movement.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.07076
Take Profit – 1.07534
Stop Loss – 1.06683
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$458/ -$393
Profit & Loss Per Mini Lot = +$45/ -$39
EUR/USD Price Analysis – April 29, 2024
Daily Price Outlook
The EUR/USD pair has maintained its upward rally and remained well-bid around the 1.0715 level, hitting the intraday high of 1.0734. However, this positive performance was driven by the weakening US dollar, which failed to gain traction despite the Fed's hawkish stance amid a risk-on market sentiment. Meanwhile, investors await key economic indicators from the Eurozone, which make investors hesitate to place a strong bid.
US Dollar Weighed Down by Economic Uncertainty, Supporting EUR/USD Pair
On the other hand, the broad-based US dollar remains under pressure due to uncertainty surrounding the US economic outlook. However, weak preliminary US economic indicators, such as the S&P Global Purchasing Managers’ Index survey for April and Q1 GDP data, have raised concerns about the economy's ability to withstand higher interest rates by the US Federal Reserve (Fed). The uncertainty surrounding the US economic outlook has kept the US Dollar under pressure.
Hence, the weak economic indicators raise concerns about the economy's resilience against potential interest rate hikes, benefiting the EUR/USD pair.
Eurozone Economic Data and ECB Speculation Impacting EUR/USD Pair
Looking forward, the upcoming release of key economic data from the Eurozone, including the preliminary Eurozone Q1 Gross Domestic Product (GDP) and the Consumer Price Index (CPI) data for April, is expected to influence speculation about interest rate cuts by the European Central Bank (ECB). However, investors increasingly anticipate that the European Central Bank (ECB) will begin reducing interest rates at its June meeting, as policymakers consider this action to be sensible.
Therefore, the anticipation of interest rate cuts by the ECB based on upcoming economic data may weaken the Euro against the US Dollar as investors adjust their positions in response to potential policy changes.
EUR/USD - Technical Analysis
Today, the EUR/USD pair has shown notable strength, registering a gain of 0.35%, and trading at 1.07288. This upward movement comes as the currency pair tests key technical levels on a 4-hour chart. Currently, EUR/USD hovers slightly above the pivot point of 1.07082, suggesting a possible continuation of the bullish trend if it maintains this momentum.
If the pair sustains above the pivot point, the immediate resistance at 1.07534 could be the next target. Breaching this level might open the path towards higher resistance levels at 1.07777 and 1.08088. Conversely, if the pair reverses its gains, it could find support at 1.06783. Further declines might test subsequent support levels at 1.06431 and 1.06090, marking critical zones that could halt a downward trajectory.
The technical indicators reinforce the bullish outlook, with the Relative Strength Index (RSI) at 57 indicating a slight bullish momentum without venturing into overbought territory. The 50-Day Exponential Moving Average (EMA) sits just below the current price at 1.07043, further supporting the potential for upward movement.
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EUR/USDPrice Analysis – April 26, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair maintained its upward trend and remained well-bid around 1.0731 level, reaching an intra-day high of 1.0753. However, the main factor behind the EUR/USD's upward trend is the market sentiment regarding the timing of potential Fed interest-rate cuts.
Despite a slightly disappointing US GDP growth rate for Q1, the unexpectedly high Personal Consumption Expenditures Prices component supported the US Dollar. As a result, the probability of a rate cut at the Fed's July meeting decreased, providing temporary strength to the dollar.
However, the Euro has managed to maintain its ground, driven by factors such as improved economic sentiment in the Eurozone and speculation about the ECB's future monetary policy.
Impact of the Core PCE Price Index Release on the EUR/USD
Looking ahead, the forthcoming release of the core Personal Consumption Expenditures (PCE) Price Index for March is set to introduce additional volatility into the EUR/USD currency pair.
Analysts predict the core PCE index may show prices rising more than expected, following a strong GDP report. If the increase exceeds economists' forecast of 2.6%, especially surpassing the previous month's 2.8%, it suggests ongoing inflation. This could lead the Fed to keep interest rates steady for longer, which might weaken the EUR/USD exchange rate. In essence, higher-than-expected inflation could make the US dollar more attractive, potentially causing the euro to lose value against it.
On the flip side, if the core PCE comes in lower than expected, it could speed up the belief that the Fed will cut interest rates soon. This would likely make the US dollar weaker and cause the EUR/USD pair to rise. Currently, the CME FedWatch Tool indicates there's a chance of a rate cut in September.
Therefore, the EUR/USD pair could weaken if the core PCE index shows higher-than-expected inflation, leading the Fed to maintain interest rates. Conversely, a lower-than-expected reading might strengthen the pair due to expectations of a rate cut.
US Economic Indicators and Their Impact on EUR/USD Pair
On the flip side, the performance of the EUR/USD currency pair remains linked to key US economic indicators, particularly amid expectations regarding Fed monetary policy. The recent slowdown in US economic growth, with Q1 GDP expanding by 1.6% compared to market expectations of 2.5%, has highlighted concerns about the pace of recovery. Despite this, inflationary pressures have persisted, as evidenced by the Personal Consumption Expenditures Price Index climbing at a 3.4% annual rate, surpassing the Fed's 2% target.
Looking ahead, investors are eagerly waiting for the upcoming inflation report, expecting a 0.3% increase in both headline and core PCE figures. The relationship between economic growth and inflation is important, affecting market sentiment and the outlook for stocks, which also influences the EUR/USD pair.
EUR/USD - Technical Analysis
On April 26, the EUR/USD pair experienced a slight decline, closing at 1.07223, down by 0.06%. Despite the modest drop, the pair remains in close proximity to the key pivot point at 1.0714, suggesting a potential for pivotal market movements in upcoming sessions.
Technical analysis indicates that the EUR/USD has immediate resistance at 1.0746, with further resistance seen at 1.0778 and 1.0822. These levels will be crucial for traders to monitor as a break above could signify a continuation of bullish momentum. Conversely, the currency pair has established immediate support at 1.0674. Additional support levels are positioned at 1.0636 and 1.0609, which could play a pivotal role should the pair continue its downward trajectory.
The Relative Strength Index (RSI) stands at 59, indicating that the market is neither overbought nor oversold, and there is still room for upward price movement. The 50-Day Exponential Moving Average (EMA) at 1.0693 serves as a near-term support level, slightly below the current price, which adds an additional layer of support for the EUR/USD.
Given the current market conditions and technical setup, traders might consider entering a long position if the EUR/USD rises above 1.07129, aiming for a take profit at 1.07657 and placing a stop loss at 1.06789 to manage risk effectively.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD slightly down at 1.07223, close to its pivot point of 1.0714, hinting at potential shifts.
- Key resistance levels identified at 1.0746, 1.0778, and 1.0822, with support starting at 1.0674.
- Technical indicators show potential for upward movement with an RSI of 59 and 50 EMA support at 1.0693.
On April 26, the EUR/USD pair experienced a slight decline, closing at 1.07223, down by 0.06%. Despite the modest drop, the pair remains in close proximity to the key pivot point at 1.0714, suggesting a potential for pivotal market movements in upcoming sessions.
Technical analysis indicates that the EUR/USD has immediate resistance at 1.0746, with further resistance seen at 1.0778 and 1.0822. These levels will be crucial for traders to monitor as a break above could signify a continuation of bullish momentum. Conversely, the currency pair has established immediate support at 1.0674. Additional support levels are positioned at 1.0636 and 1.0609, which could play a pivotal role should the pair continue its downward trajectory.
The Relative Strength Index (RSI) stands at 59, indicating that the market is neither overbought nor oversold, and there is still room for upward price movement. The 50-Day Exponential Moving Average (EMA) at 1.0693 serves as a near-term support level, slightly below the current price, which adds an additional layer of support for the EUR/USD.
Given the current market conditions and technical setup, traders might consider entering a long position if the EUR/USD rises above 1.07129, aiming for a take profit at 1.07657 and placing a stop loss at 1.06789 to manage risk effectively.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.07129
Take Profit – 1.07657
Stop Loss – 1.06789
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$528/ -$340
Profit & Loss Per Mini Lot = +$52/ -$34