EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD trades below pivot point at 1.0726, bearish pressure likely.
- RSI at 32 signals oversold conditions, short-term bounce possible.
- Key support levels to watch: 1.0674, 1.0650, 1.0613.
The EUR/USD pair is struggling to maintain upward momentum, currently hovering slightly above the 1.07 mark. On the 4-hour chart, the pair is trading below its pivot point of 1.0726, signaling potential bearish pressure.
The 50-day Exponential Moving Average (EMA) at 1.0814 reinforces this bearish outlook, acting as a significant resistance level.
The Relative Strength Index (RSI) reading of 32 indicates oversold conditions, hinting at a potential bounce in the near term.
However, traders should remain cautious as the overall trend remains bearish. Key resistance levels to watch include 1.0766, 1.0798, and 1.0847. A break above these levels could negate the bearish outlook and signal a potential reversal.
On the downside, immediate support lies at 1.0674, followed by 1.0650 and 1.0613. A break below these levels could exacerbate the downward pressure, potentially leading to further losses for the euro.
EUR/USD- Trade Ideas
Entry Price – Sell Below 1.07262
Take Profit – 1.06758
Stop Loss – 1.07559
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$504/ -$297
Profit & Loss Per Mini Lot = +$50/ -$29
EUR/USD Price Analysis – June 14, 2024
Daily Price Outlook
During the European trading session, the EUR/USD pair has been experiencing a bearish trend and remained well offered around 1.0690 level, hitting the intra-day low of 1.0671 level. However, this downward movement can be attributed to several factors including the bullish US dollar and growing uncertainty surrounding the French elections.
The shared currency has weakened significantly amidst growing uncertainty surrounding the French elections. French President Emmanuel Macron's decision to call for snap elections following a defeat in parliamentary elections has heightened political instability.
The potential success of Marine Le Pen's far-right National Rally party in the French elections is causing concern for the Euro. Markets are worried that if her party gains more influence, it could lead to disruptions in the unity and economic policies of the Eurozone, which in turn negatively impacts the Euro's value.
Euro Under Pressure: French Political Uncertainty and ECB Monetary Policy Impact on EUR/USD Pair
On the EUR front, the shared currency continues to face pressure due to deepening political uncertainty in France ahead of the upcoming legislative elections. President Macron's call for snap elections after facing setbacks has injected volatility into the political landscape, unsettling markets and weakening the Euro.
The potential outcomes of these elections, including the rise of Marine Le Pen's National Rally and the prospects of coalition governments, have exacerbated concerns over political stability within the Eurozone.
Moreover, ECB's monetary policy stance has influenced the Euro's performance against the US Dollar. ECB policymakers have shown caution about the future of inflation, highlighting the difficulties in reaching stable inflation levels.
The potential for additional rate cuts to address low inflation (disinflationary pressures) highlights the Euro's weakness in currency markets.
Fed's Hawkish Outlook and Impact on EUR/USD Pair Amid Soft US Inflation Data
Despite soft inflation data from the US, the Federal Reserve (Fed) has maintained a hawkish stance, which has offset the impact on the EUR/USD pair. Fed Chair Jerome Powell noted positive signs in the May Consumer Price Index (CPI) report, showing cautious optimism about inflation trends.
However, Powell stressed that a consistent improvement in inflation is necessary before the Fed will consider cutting rates further. This aligns with the Fed's current forecast of only one rate cut in 2024, reduced from the earlier expectation of three rate cuts.
Hence, the market's reaction to Fed's policy outlook has been significant, influencing the strength of the US Dollar against the Euro. The US Dollar Index (DXY), which measures the Dollar's value against a basket of major currencies, has remained strong and reached monthly highs.
This strength is due to investors adjusting their expectations based on the Fed's guidance on interest rates and monetary policy.
Therefore, the Fed's hawkish stance has strengthened the US Dollar, causing the EUR/USD pair to decline as investors adjust their expectations based on the Fed's interest rate guidance and policy outlook.
EUR/USD - Technical Analysis
The EUR/USD pair is struggling to maintain upward momentum, currently hovering slightly above the 1.07 mark. On the 4-hour chart, the pair is trading below its pivot point of 1.0726, signaling potential bearish pressure.
The 50-day Exponential Moving Average (EMA) at 1.0814 reinforces this bearish outlook, acting as a significant resistance level.
The Relative Strength Index (RSI) reading of 32 indicates oversold conditions, hinting at a potential bounce in the near term. However, traders should remain cautious as the overall trend remains bearish. Key resistance levels to watch include 1.0766, 1.0798, and 1.0847.
A break above these levels could negate the bearish outlook and signal a potential reversal.
On the downside, immediate support lies at 1.0674, followed by 1.0650 and 1.0613. A break below these levels could exacerbate the downward pressure, potentially leading to further losses for the euro.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD trading at $1.07447, down 0.03%, with cautious signals below the pivot point of $1.0766.
- Immediate resistance levels to watch: $1.0766, $1.0798, and $1.0827, crucial for potential upward movement.
- Immediate support levels: $1.0701, $1.0674, and $1.0650, indicating potential bearish trend continuation.
The EUR/USD pair is currently trading at $1.07447, down 0.03% in today's session. The pivot point at $1.0766 serves as a critical level for today's market activity.
Immediate resistance is found precisely at this pivot point, $1.0766, followed by $1.0798 and $1.0827. These resistance levels are essential to watch as they represent potential hurdles for any upward movement in price.
On the downside, immediate support lies at $1.0701, followed by $1.0674 and $1.0650. A breach below these support levels could signal a continuation of the bearish trend, putting further pressure on the euro.
Technical indicators offer a mixed view. The Relative Strength Index (RSI) is at 42, suggesting a slight bearish momentum. The 50-day Exponential Moving Average (EMA) is positioned at $1.0797, with the current price trading below this average, reinforcing the bearish sentiment in the short term.
Given the current technical setup, the outlook for EUR/USD remains cautious. An entry price for a buy limit order is suggested at $1.07248, with a take profit level set at $1.07664. To mitigate risk, a stop loss is recommended at $1.07005.
EUR/USD- Trade Ideas
Entry Price – Buy Limit 1.07248
Take Profit – 1.07664
Stop Loss – 1.07005
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$416/ -$243
Profit & Loss Per Mini Lot = +$41/ -$24
EUR/USD Price Analysis – June 12, 2024
Daily Price Outlook
During the European trading session, the EUR/USD pair has showed a bullish performance, finding support near 1.0764 and edging higher to 1.0765 in the European session. Despite caution ahead of an eventful New York session and uncertainty surrounding the French elections, the pair has shown strength.
However, the drivers behind this upward trend is the anticipation surrounding the US Consumer Price Index (CPI) data for May and the Federal Reserve’s (Fed) interest rate decision.
ECB Policymakers Exercise Caution, Impacting EUR/USD Pair
On the EUR front, the shared currency gained traction as investors monitored the European Central Bank's (ECB) cautious approach to managing inflation and wage growth dynamics within the Eurozone. ECB officials, led by Governor Francois Villeroy de Galhau, have expressed confidence in the Eurozone's ability to return inflation to its 2% target next year.
However, they emphasize the need to navigate through short-term fluctuations in economic data. This prudent stance by the ECB has influenced market sentiment, notably impacting the performance of the EUR/USD pair.
The ECB is optimistic about inflation in the Eurozone eventually reaching its target of 2% but acknowledges the uncertainty and variability in economic indicators in the near term.
This cautious approach by the ECB has an impact on market sentiment, particularly on currency markets like the EUR/USD pair, as investors and traders adjust their expectations based on the central bank's guidance and economic outlook
US CPI and Fed’s Outlook Regarding Interest Rate Impact on EUR/USD Pair
On the US front, the overall US dollar has been gaining strength as investors become more confident in the economy. Expectations for a Federal Reserve interest rate cut in September are dwindling due to strong job market conditions and ongoing inflation.
This has pushed the US dollar to nearly a one-month high. Investors are now waiting for the latest US consumer inflation data and the upcoming FOMC monetary policy decision.
It's expected that the headline US Consumer Price Index will slightly ease to 0.1% in May from 0.3% previously, while the yearly rate is anticipated to stay at 3.4%, exceeding the Fed's 2% target.
Core CPI is also predicted to remain steady at 0.3% for the month and slightly decrease to a 3.5% yearly rate from April's 3.6%, indicating sustained inflationary pressure. Consequently, the Fed might consider a modest 25 basis points rate cut later in the year, potentially in November or December.
EUR/USD - Technical Analysis
The EUR/USD pair is currently trading at $1.07447, down 0.03% in today's session. The pivot point at $1.0766 serves as a critical level for today's market activity. Immediate resistance is found precisely at this pivot point, $1.0766, followed by $1.0798 and $1.0827. These resistance levels are essential to watch as they represent potential hurdles for any upward movement in price.
On the downside, immediate support lies at $1.0701, followed by $1.0674 and $1.0650. A breach below these support levels could signal a continuation of the bearish trend, putting further pressure on the euro.
Technical indicators offer a mixed view. The Relative Strength Index (RSI) is at 42, suggesting a slight bearish momentum. The 50-day Exponential Moving Average (EMA) is positioned at $1.0797, with the current price trading below this average, reinforcing the bearish sentiment in the short term.
Given the current technical setup, the outlook for EUR/USD remains cautious. An entry price for a buy limit order is suggested at $1.07248, with a take profit level set at $1.07664. To mitigate risk, a stop loss is recommended at $1.07005.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD is trading at $1.07498, below the pivot point of $1.0798.
- RSI at 23 indicates potential oversold conditions, suggesting a possible rebound.
- 50-day EMA at $1.08528 presents significant resistance, influencing potential upward movements.
The EUR/USD pair is trading at $1.07498, down 0.48% for the day. The 4-hour chart reveals a critical pivot point at $1.0798, which is essential for determining the pair’s short-term direction.
Immediate resistance levels are at $1.0806, $1.0836, and $1.0872. On the downside, immediate support is seen at $1.0728, followed by $1.0701 and $1.0674.
Technical indicators provide a mixed view. The Relative Strength Index (RSI) is at 23, indicating that the pair is in oversold territory, which might suggest a potential rebound if broader market conditions align.
The 50-day Exponential Moving Average (EMA) is positioned at $1.08528, which is above the current price, suggesting that the immediate resistance could be reinforced by the EMA, making it a critical level to watch for any potential breakout or reversal.
For traders, the recommended strategy would be to set a buy limit at $1.07383, with a take profit target at $1.07977 and a stop loss at $1.07043.
EUR/USD - Trade Ideas
Entry Price – Buy Limit 1.07383
Take Profit – 1.07977
Stop Loss – 1.07043
Risk to Reward – 1: 7
Profit & Loss Per Standard Lot = +$594/ -$340
Profit & Loss Per Mini Lot = +$59/ -$34
EUR/USD Price Analysis – June 10, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair continued its downward trend and remained under pressure around the 1.0744 level, hitting an intra-day high of 1.0782.
The upward trend could be attributed to political uncertainty in the Eurozone after French President Emmanuel Macron called for a snap election, which weighed heavily on the Euro.
In the meantime, the bullish US dollar, gaining traction following stronger-than-expected US Nonfarm Payrolls (NFP) data, was seen as another key factor keeping the EUR/USD pair lower. This dampened expectations of Fed rate cuts in September, pushing the US dollar higher and contributing to losses in the EUR/USD pair.
Impact of Eurozone Political Uncertainty and ECB Policy on EUR/USD Pair
On the EUR front, the shared currency weakened due to political uncertainty in the Eurozone after French President Emmanuel Macron called for a snap election following strong gains by Marine Le Pen's far-right National Rally in European parliamentary elections. Macron's decision raised worries about political stability, thereby exerting pressure on the Euro.
Meanwhile, ECB policymakers expressed concerns about persistent inflation, particularly in the service sector, which could slow down the central bank's policy-easing efforts.
Despite this, ECB President Christine Lagarde emphasized the bank's data-dependent approach, indicating that future interest rate decisions will be based on economic conditions, especially considering the possibility of volatile inflation in the coming months.
Impact of Strong US Jobs Data on Currency Markets and Monetary Policy
On the US front, the previously released stronger-than-expected Nonfarm Payrolls (NFP) data has lowered the chances of Federal Reserve (Fed) rate cuts this year. This has strengthened the US Dollar and contributed to gains in the EUR/USD pair.
The robust US employment report has reduced expectations of a Fed rate cut before September, with futures traders seeing almost no chance of this happening, which is likely to support the USD for now.
On the data front, the US Nonfarm Payrolls (NFP) report for May surpassed expectations, with 272K fresh jobs added compared to the anticipated 185K. This strong labor demand extends Fed policymakers' leeway to maintain current interest rates.
Furthermore, Average Hourly Earnings, a gauge of wage inflation, exceeded forecasts, with annual wage inflation accelerating to 4.1% from the expected 3.9%. Month-on-month, wage inflation also rose sharply by 0.4%, higher than the projected 0.3%.
These robust figures indicate growing pressure on household spending, impacting future monetary policy decisions by the Federal Reserve.
Therefore, the strong US job figures and reduced expectations of Fed rate cuts have bolstered the US Dollar, putting pressure on the GBP/USD pair. Investors are now focused on the UK employment data for May, due on Tuesday.
Meanwhile, the US Consumer Price Index (CPI) and the Fed's decision this week will be in the spotlight.
EUR/USD - Technical Analysis
The EUR/USD pair is trading at $1.07498, down 0.48% for the day. The 4-hour chart reveals a critical pivot point at $1.0798, which is essential for determining the pair’s short-term direction. Immediate resistance levels are at $1.0806, $1.0836, and $1.0872. On the downside, immediate support is seen at $1.0728, followed by $1.0701 and $1.0674.
Technical indicators provide a mixed view. The Relative Strength Index (RSI) is at 23, indicating that the pair is in oversold territory, which might suggest a potential rebound if broader market conditions align.
The 50-day Exponential Moving Average (EMA) is positioned at $1.08528, which is above the current price, suggesting that the immediate resistance could be reinforced by the EMA, making it a critical level to watch for any potential breakout or reversal.
For traders, the recommended strategy would be to set a buy limit at $1.07383, with a take profit target at $1.07977 and a stop loss at $1.07043.
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EUR/USD Price Analysis – June 7, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair has shown a bullish trend in recent sessions, hovering around the 1.0895 mark and hitting an intra-day high of 1.0899. The upward trend can be attributed to several factors, including robust economic indicators such as the Eurozone's Harmonized Index of Consumer Prices (HICP) report, which revealed stronger-than-expected annual headline and core inflation figures.
Moreover, the shallow technical recession experienced by the Eurozone in the second half of the previous year has further bolstered optimism about the region's economic recovery, enhancing the attractiveness of the euro against the US dollar.
Fed Rate Cuts and Bearish US Economic Data Weigh on USD, Boost EUR/USD Pair
On the US front, the US dollar has been under pressure lately due to the possibility of rate cuts by the Federal Reserve, alongside gloomy economic data from the US. This has led to a boost in the EUR/USD pair. Meanwhile, the concerns about the health of the US labor market have been heightened by weak employment indicators, such as disappointing JOLTS Job Openings data, ADP Employment Change figures, and Initial Jobless Claims.
As a result, there's a growing anticipation that the Fed might resort to interest rate cuts in the coming months to spur economic growth and counteract the effects of weakening labor demand.
Traders are increasingly betting on rate cuts, as evidenced by the notable rise in the CME FedWatch tool, which now indicates a 68% probability of such action in September, up from the previous 54.5%. This heightened expectation has contributed to the weakening of the US dollar. Consequently, investors are turning to the euro as a favored alternative, resulting in a surge in the EUR/USD pair.
ECB Policy Easing and Inflation Outlook: Impact on EUR/USD Pair
On the flip side, the European Central Bank (ECB) has chosen to initiate a policy easing campaign, highlighted by a 25 basis point decrease in interest rates. This action could limit the upward momentum of the EUR/USD pair. The ECB's decision highlights its belief in the progress towards attaining its inflation target of 2%, as supported by recent data indicating a consistent decrease in inflation towards the desired level.
ECB President Christine Lagarde has underscored the ongoing struggle against inflation and emphasized the importance of vigilance in evaluating economic conditions. Despite upward revisions in inflation forecasts, the ECB maintains a cautious approach, recognizing uncertainties surrounding the economic outlook. This cautious stance, coupled with the absence of a clear interest-rate path, has introduced uncertainty in the forex market.
EUR/USD - Technical Analysis
EUR/USD is currently trading at $1.08947, marking a slight increase of 0.07%. The pivot point for today’s trading is at $1.08869, indicating a critical level for assessing market sentiment. Immediate resistance levels are positioned at $1.09148, $1.09425, and $1.09696. On the downside, immediate support can be found at $1.08544, followed by $1.08287 and $1.08108.
The Relative Strength Index (RSI) is currently at 58, suggesting a moderate buying interest without signaling overbought conditions. The 50-Day Exponential Moving Average (EMA) stands at $1.08612, providing a supportive base that aligns with the current price level, reinforcing the bullish outlook.
Considering the technical indicators and key price levels, the outlook for EUR/USD today appears bullish above the pivot point of $1.08869. Traders might consider an entry point to buy above $1.08873, targeting a take profit level of $1.09310 with a stop loss set at $1.08654. This setup offers a favorable risk-to-reward ratio of 1:2, with potential profits per standard lot at $437 and potential losses at $219. For mini lots, the profit and loss stand at $43 and $21, respectively.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD trades at $1.08947, up 0.07%, with a pivot point at $1.08869.
- Immediate resistance levels are $1.09148, $1.09425, and $1.09696, with support at $1.08544, $1.08287, and $1.08108.
- RSI at 58 and 50-Day EMA at $1.08612 indicate a bullish sentiment, key for today's trading strategy.
EUR/USD is currently trading at $1.08947, marking a slight increase of 0.07%. The pivot point for today’s trading is at $1.08869, indicating a critical level for assessing market sentiment. Immediate resistance levels are positioned at $1.09148, $1.09425, and $1.09696. On the downside, immediate support can be found at $1.08544, followed by $1.08287 and $1.08108.
The Relative Strength Index (RSI) is currently at 58, suggesting a moderate buying interest without signaling overbought conditions. The 50-Day Exponential Moving Average (EMA) stands at $1.08612, providing a supportive base that aligns with the current price level, reinforcing the bullish outlook.
Considering the technical indicators and key price levels, the outlook for EUR/USD today appears bullish above the pivot point of $1.08869. Traders might consider an entry point to buy above $1.08873, targeting a take profit level of $1.09310 with a stop loss set at $1.08654. This setup offers a favorable risk-to-reward ratio of 1:2, with potential profits per standard lot at $437 and potential losses at $219. For mini lots, the profit and loss stand at $43 and $21, respectively.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.08873
Take Profit – 1.09310
Stop Loss – 1.08654
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$437/ -$219
Profit & Loss Per Mini Lot = +$43/ -$21
EUR/USD Price Analysis – June 5, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair failed to stop its downward trend and remained under pressure around the 1.0869 level, hitting the intra-day low of 1.0865.
However, the reason for its downward trend could be attributed to the fact that the ECB is widely expected to deliver a rate-cut move with a data-dependent approach for the interest rate path.
This tends to undermine the shared currency and contributes to the EUR/USD pair's losses. Furthermore, the bearish US dollar, driven by speculation that the US Federal Reserve will cut interest rates in September, was seen as one of the key factors that helped the EUR/USD pair limit its losses.
Looking forward, traders seem hesitant to take strong positions ahead of the release of US monthly employment details, the Nonfarm Payrolls (NFP) report on Friday. Meanwhile, the US ADP report on private-sector employment and the US ISM Services PMI will be in the spotlight.
Impact of Speculation on Fed Rate Cuts and Weak US Economic Data on EUR/USD Pair
On the US front, the broad-based US dollar dropped amid increasing speculation that the US Federal Reserve will cut interest rates in September. The CME FedWatch tool shows a 65% chance of a rate cut, up from 47% a week ago.
This shift follows a weak US ISM Manufacturing PMI report for May and downwardly revised Q1 GDP data, raising the likelihood of a Fed rate cut and impacting the dollar's momentum.
On the data front, the Job Openings and Labor Turnover Survey (JOLTS) revealed a notable decline in job openings, dropping by 296,000 to 8.059 million in April, the lowest in over three years. This, coupled with weak US ISM Manufacturing PMI data, implies a slowdown in the US economy.
The ADP report is anticipated to show a modest increase in private payrolls, with 173K compared to 192K in April. The ISM Services PMI is expected to slightly improve to 50.5, indicating growth.
Therefore, speculation of Fed rate cuts and weak US economic data are putting pressure on the US dollar, which is aiding the EUR/USD pair in limiting its losses.
EUR/USD Pair Under Pressure Ahead of ECB Rate Decision
On the EUR front, the declines in the EUR/USD pair were mainly bolstered by expectations that the ECB will deliver a rate-cut move with a data-dependent approach for the interest rate path.
Meanwhile, traders appear cautious ahead of the European Central Bank’s (ECB) interest rate decision this Thursday. Market watchers anticipate a 25 basis point cut in the Deposit Facility rate to 3.75%.
Investors are eager for clues about the ECB's future rate moves, especially given recent data showing a higher-than-expected rise in the Eurozone's annual Harmonized Index of Consumer Prices (HICP), service inflation, and Q1 Gross Domestic Product (GDP).
The ECB seems inclined to stay data-driven and delay further rate cuts, despite market expectations for two cuts this year.
Therefore, the cautious sentiment ahead of the ECB's decision is weighing on the EUR/USD pair, with investors closely monitoring for hints on future rate actions amidst signs of rising inflation and economic growth in the Eurozone.
EUR/USD - Technical Analysis
The EUR/USD pair is currently trading at $1.08776, virtually unchanged at -0.00% on the four-hour chart. The currency pair is showing signs of consolidation as it navigates through a narrow trading range.
Key price levels to monitor include a pivot point at $1.0860. Immediate resistance is located at $1.0915, with further resistance levels at $1.0943 and $1.0974. On the downside, immediate support is observed at $1.0829, followed by supports at $1.0811 and $1.0790.
Technical indicators provide a balanced outlook. The Relative Strength Index (RSI) is currently at 53, suggesting that the pair is in neutral territory with a slight inclination towards bullish momentum.
The 50-Day Exponential Moving Average (EMA) is positioned at $1.0853, providing a key support level just below the current price.
In the current market scenario, the recommended entry price for a buy position is above $1.08599. Traders should set a take profit target at $1.09036, aligning with the immediate resistance level, and place a stop loss at $1.08380 to manage potential downside risks.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD trades at $1.08776, unchanged, with key resistance at $1.0915.
- RSI at 53 indicates balanced momentum; 50-Day EMA at $1.0853 provides support..
- Buy above $1.08599, target $1.09036, and stop loss at $1.08380 to manage risk.
The EUR/USD pair is currently trading at $1.08776, virtually unchanged at -0.00% on the four-hour chart. The currency pair is showing signs of consolidation as it navigates through a narrow trading range. Key price levels to monitor include a pivot point at $1.0860.
Immediate resistance is located at $1.0915, with further resistance levels at $1.0943 and $1.0974. On the downside, immediate support is observed at $1.0829, followed by supports at $1.0811 and $1.0790.
Technical indicators provide a balanced outlook. The Relative Strength Index (RSI) is currently at 53, suggesting that the pair is in neutral territory with a slight inclination towards bullish momentum.
The 50-Day Exponential Moving Average (EMA) is positioned at $1.0853, providing a key support level just below the current price.
In the current market scenario, the recommended entry price for a buy position is above $1.08599. Traders should set a take profit target at $1.09036, aligning with the immediate resistance level, and place a stop loss at $1.08380 to manage potential downside risks.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.08599
Take Profit – 1.09036
Stop Loss – 1.08380
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$437/ -$219
Profit & Loss Per Mini Lot = +$43/ -$21