EUR/USD Price Analysis – Aug 26, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair failed to maintain its upward trend and turned bearish around the 1.1166 level, hitting an intra-day low of 1.1163.
The downward trend can be attributed to growing speculation that the European Central Bank (ECB) will reduce interest rates again in the September meeting. The ECB is also expected to deliver one more interest rate cut in the last quarter of this year.
This undermined the shared currency and contributed to the EUR/USD pair's losses. On the other hand, the bearish US dollar, driven by the dovish Fed, was seen as a key factor that limited any additional losses in the EUR/USD pair.
ECB Rate Cut Speculation and Economic Uncertainty Weigh on EUR/USD
On the EUR front, market expectations for ECB interest rate cuts in September have increased due to rising uncertainty over the Eurozone's economic outlook and slowing wage growth.
Although economic activity in the Eurozone showed unexpected growth in August, according to the flash HCOB PMI report, this was mainly driven by strong demand in France related to the upcoming Olympics in Paris.
Economists consider this as a temporary boost rather than a sign of long-term improvement.
Adding to the uncertainty, ECB Chief Economist Philip Lane emphasized the need for restrictive monetary policy at the Jackson Hole Symposium, acknowledging some progress in inflation control but warning that success is not guaranteed.
Investors are now closely watching the preliminary German and Eurozone Harmonized Index of Consumer Prices (HICP) data for August, set to be released on Thursday and Friday.
These figures will offer more insight into future interest rate decisions, with Eurozone annual headline and core HICP expected to have slowed to 2.3% and 2.8%, respectively.
Meanwhile, the IFO Institute's report on Monday showed that the German Business Climate, Current Assessment, and Expectations for August exceeded expectations but were still lower than July’s figures. This data did not provide any significant boost to the EUR/USD pair.
Therefore, the news heightened concerns over the Eurozone's economic outlook and potential ECB rate cuts, leading to a bearish impact on the EUR/USD pair. Despite some positive data, the uncertainty limited any significant upward movement for the euro.
EUR/USD - Technical Analysis
The EUR/USD pair is currently trading at $1.11828, reflecting a slight dip of 0.09% on the day. As we analyze the 4-hour chart, it becomes clear that the currency pair is hovering near a crucial pivot point at $1.1201.
This level is proving to be a significant battleground for bulls and bears alike, with immediate resistance sitting just above at $1.1232.
The EUR/USD has been on an upward trajectory in recent sessions, but the momentum is showing signs of fatigue as it nears overbought conditions.
The Relative Strength Index (RSI) is currently at 69, suggesting that the pair is approaching overbought territory. While the RSI hasn’t yet crossed the 70 mark, it's close enough to warrant caution.
Traders may want to consider this as a signal that the upward momentum could be losing steam. Meanwhile, the 50-day Exponential Moving Average (EMA), currently positioned at $1.1077, is still well below the current price, reinforcing the general uptrend that we’ve seen over the past few weeks.
Should the price break above the immediate resistance at $1.1232, the next hurdles to watch are $1.1266 and $1.1299.
A clear break above these levels could set the stage for further gains. On the downside, immediate support is located at $1.1150, with additional support levels at $1.1107 and $1.1072.
If EUR/USD slips below $1.1150, we might see a more pronounced correction, bringing the pair closer to the 50 EMA at $1.1077.
Conclusion: The EUR/USD outlook remains cautiously optimistic as long as the pair stays above the $1.1150 support level.
However, traders should be mindful of the near-overbought RSI. Consider selling below $1.1201 with a target of $1.1150, and set a stop loss at $1.1232 to manage risk.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Key Resistance: Immediate resistance at $1.1232; next at $1.1266.
- Pivot Point: $1.1201 is critical for determining short-term direction.
- Immediate Support: Watch for potential support at $1.1150; a break could lead to further downside.
The EUR/USD pair is currently trading at $1.11828, reflecting a slight dip of 0.09% on the day. As we analyze the 4-hour chart, it becomes clear that the currency pair is hovering near a crucial pivot point at $1.1201.
This level is proving to be a significant battleground for bulls and bears alike, with immediate resistance sitting just above at $1.1232.
The EUR/USD has been on an upward trajectory in recent sessions, but the momentum is showing signs of fatigue as it nears overbought conditions.
The Relative Strength Index (RSI) is currently at 69, suggesting that the pair is approaching overbought territory.
While the RSI hasn’t yet crossed the 70 mark, it's close enough to warrant caution. Traders may want to consider this as a signal that the upward momentum could be losing steam.
Meanwhile, the 50-day Exponential Moving Average (EMA), currently positioned at $1.1077, is still well below the current price, reinforcing the general uptrend that we’ve seen over the past few weeks.
Should the price break above the immediate resistance at $1.1232, the next hurdles to watch are $1.1266 and $1.1299.
A clear break above these levels could set the stage for further gains. On the downside, immediate support is located at $1.1150, with additional support levels at $1.1107 and $1.1072.
If EUR/USD slips below $1.1150, we might see a more pronounced correction, bringing the pair closer to the 50 EMA at $1.1077.
Conclusion: The EUR/USD outlook remains cautiously optimistic as long as the pair stays above the $1.1150 support level.
However, traders should be mindful of the near-overbought RSI. Consider selling below $1.1201 with a target of $1.1150, and set a stop loss at $1.1232 to manage risk.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.12018
Take Profit – 1.11503
Stop Loss – 1.12313
Risk to Reward – 1: 1.75
Profit & Loss Per Standard Lot = +$515/ -$295
Profit & Loss Per Mini Lot = +$51/ -$29
EUR/USD Price Analysis – Aug 23, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair made a modest recovery, edging higher to near 1.1113, hitting the intra-day high of 1.1132 level.
This upward movement was largely driven by a weaker US dollar, which dropped as traders shifted their focus to Federal Reserve (Fed) Chair Jerome Powell’s anticipated speech at the Jackson Hole Symposium. The US dollar resumed its recent weakness following a brief recovery, amid caution ahead of Powell's remarks.
Meanwhile, the expectations that the European Central Bank (ECB) might cut interest rates further in September also contributed to the euro's gains. However, increasing expectations of further ECB rate cuts could limit the upside potential for the EUR/USD pair.
Impact of Federal Reserve's Anticipated Guidance on EUR/USD Amid Weak US Dollar
Despite the stronger-than-expected US S&P Global PMI report for August, which showed a robust expansion in the services sector and a slight contraction in manufacturing, the US dollar edged lower.
The market anticipates that Jerome Powell will provide fresh guidance on interest rates and the US economic outlook during his Jackson Hole speech. Federal Reserve officials have hinted that a rate cut in September may be appropriate if economic data continues to align with expectations.
This dovish sentiment is likely to influence the EUR/USD pair, potentially weakening the dollar further against the euro if Powell’s remarks suggest a more accommodative monetary policy stance.
Anticipated ECB Rate Cuts and Their Impact on EUR/USD Outlook
On the EUR front, the European Central Bank is widely anticipated to cut interest rates again in September, driven by uncertainties over the Eurozone’s economic outlook and lower wage growth.
The recent flash Eurozone HCOB PMI report for August showed improved business activity, but this positive signal may be short-lived due to weak foreign demand, especially in Germany. The decline in Q2 Negotiated Wage Rates, which eased inflation concerns, has bolstered expectations for more ECB rate cuts.
As such, while the EUR/USD pair benefits from a weaker US dollar, the potential for additional ECB rate cuts could limit further gains. Traders are now looking ahead to Powell’s speech for fresh direction and weighing the implications of ongoing economic developments on the EUR/USD outlook.
EUR/USD - Technical Analysis
The EUR/USD is currently holding steady at $1.11136, showing a modest increase of 0.01% for the day. The pair is navigating a relatively narrow trading range, with the pivot point resting at $1.11092, acting as a critical level for determining the short-term direction.
As we look at the 4-hour chart, the immediate resistance is marked at $1.11644, followed by higher levels at $1.11910 and $1.12238. On the downside, immediate support can be found at $1.10769, with further support levels at $1.10491 and $1.10194.
The technical indicators offer a mixed picture, with the RSI sitting at 58, signaling neutral momentum that could sway in either direction depending on the upcoming price action.
Meanwhile, the 50-day EMA at $1.10510 is providing solid support, indicating that the pair is maintaining a bullish bias above this level.
If the EUR/USD manages to break above the $1.11644 resistance, we could see a continuation of the upward trend, potentially driving the price toward the $1.11910 level.
However, if the pair fails to hold above the $1.11092 pivot point, a decline toward the $1.10769 support level could be on the cards. Traders should be cautious, as a break below $1.10769 might trigger a deeper correction.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Point: Key level at $1.11092; watch for price action around this point.
- RSI: Neutral at 58; could shift based on upcoming moves.
- 50 EMA: Support at $1.10510; maintaining a bullish outlook above this level.
The EUR/USD is currently holding steady at $1.11136, showing a modest increase of 0.01% for the day. The pair is navigating a relatively narrow trading range, with the pivot point resting at $1.11092, acting as a critical level for determining the short-term direction.
As we look at the 4-hour chart, the immediate resistance is marked at $1.11644, followed by higher levels at $1.11910 and $1.12238. On the downside, immediate support can be found at $1.10769, with further support levels at $1.10491 and $1.10194.
The technical indicators offer a mixed picture, with the RSI sitting at 58, signaling neutral momentum that could sway in either direction depending on the upcoming price action.
Meanwhile, the 50-day EMA at $1.10510 is providing solid support, indicating that the pair is maintaining a bullish bias above this level.
If the EUR/USD manages to break above the $1.11644 resistance, we could see a continuation of the upward trend, potentially driving the price toward the $1.11910 level.
However, if the pair fails to hold above the $1.11092 pivot point, a decline toward the $1.10769 support level could be on the cards. Traders should be cautious, as a break below $1.10769 might trigger a deeper correction.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.11091
Take Profit – 1.11644
Stop Loss – 1.10752
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$553/ -$339
Profit & Loss Per Mini Lot = +$55/ -$33
EUR/USD Price Analysis – Aug 21, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair has faced downward pressure, slipping from its earlier highs as the US dollar stages a rebound.
The pair, which had previously held above the 1.1133 support level, is now trading near 1.1109. This decline highlights a shift in market dynamics, with the US dollar strengthening against the Euro.
US Dollar Strengthens Despite Expected Fed Rate Cuts, Pressuring EUR/USD
On the US front, the recent strengthening of the US dollar comes despite anticipated rate cuts by the Federal Reserve.
Typically, rate cuts by the Fed lead to a weaker greenback; however, the current rebound is driven by broader market factors and speculation about future economic conditions.
The US Dollar Index (DXY) has climbed to approximately 101.50, reflecting heightened investor confidence in the US economy despite expected monetary easing.
Therefore, the US dollar's strength and rising US Dollar Index (DXY) pressure the EUR/USD pair, causing it to decline.
Increased investor confidence in the US economy, despite expected Fed rate cuts, boosts the dollar and weighs on the euro.
Euro Faces Pressure from Mixed Economic Data and Geopolitical Uncertainties
On the Euro side, the European Central Bank (ECB) has been cautious about committing to aggressive rate cuts, which has provided some support to the Euro. However, recent data from the Eurozone has painted a mixed picture.
The ECB's reluctance to cut rates aggressively stems from persistent inflationary pressures in the Eurozone and slower growth in key economies like Germany.
Although slower wage growth in Germany has eased some pressure on the ECB, overall Eurozone economic performance remains uneven.
The Euro has faced challenges from a combination of weaker-than-expected economic data and ongoing geopolitical uncertainties.
Market participants are also keeping an eye on upcoming Eurozone data, including the HCOB Purchasing Managers’ Index (PMI) and Q2 Negotiated Wage Rates, which will provide further insights into the economic outlook for the Eurozone.
EUR/USD - Technical Analysis
EUR/USD is currently trading at $1.11205, showing a modest increase of 0.05% on the day. On the 4-hour chart, the pivot point is situated at $1.1132, a critical level that could dictate the pair's next move.
Immediate resistance is at $1.1164, followed by $1.1191 and $1.1224. On the downside, immediate support is seen at $1.1089, with further levels at $1.1063 and $1.1041.
The Relative Strength Index (RSI) stands at 76, indicating that the pair is firmly in overbought territory. This suggests that the upward momentum may be losing steam, potentially opening the door for a bearish correction.
The 50-day Exponential Moving Average (EMA) is positioned at $1.1000, providing a longer-term bullish signal, but the short-term outlook remains cautious due to the overbought conditions.
Given the overbought RSI and the strong resistance levels ahead, a pullback could be on the horizon. If the pair fails to sustain its upward momentum above the pivot point at $1.1132, a decline toward the next support levels could be expected.
Traders may consider selling below $1.11316, targeting a take profit at $1.10640 with a stop loss at $1.11651.
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GBP/USD Price Analysis – Aug 21, 2024
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Immediate Resistance: $1.1164, next at $1.1191 and $1.1224.
- Immediate Support: $1.1089, followed by $1.1063 and $1.1041.
- RSI at 76: Overbought conditions suggest a potential bearish correction.
EUR/USD is currently trading at $1.11205, showing a modest increase of 0.05% on the day. On the 4-hour chart, the pivot point is situated at $1.1132, a critical level that could dictate the pair's next move.
Immediate resistance is at $1.1164, followed by $1.1191 and $1.1224. On the downside, immediate support is seen at $1.1089, with further levels at $1.1063 and $1.1041.
The Relative Strength Index (RSI) stands at 76, indicating that the pair is firmly in overbought territory. This suggests that the upward momentum may be losing steam, potentially opening the door for a bearish correction.
The 50-day Exponential Moving Average (EMA) is positioned at $1.1000, providing a longer-term bullish signal, but the short-term outlook remains cautious due to the overbought conditions.
Given the overbought RSI and the strong resistance levels ahead, a pullback could be on the horizon. If the pair fails to sustain its upward momentum above the pivot point at $1.1132, a decline toward the next support levels could be expected.
Traders may consider selling below $1.11316, targeting a take profit at $1.10640 with a stop loss at $1.11651.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.11316
Take Profit – 1.10640
Stop Loss – 1.11651
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$676/ -$335
Profit & Loss Per Mini Lot = +$67/ -$33
EUR/USD Price Analysis – Aug 19, 2024
Daily Price Outlook
During the European trading session on Monday, the GBP/USD currency pair surged to a one-month high, trading around the mid-1.2900s.
This upward momentum was supported by diminishing expectations of a Bank of England (BoE) rate cut in September, alongside a weaker US dollar, which has been pressured by dovish Federal Reserve (Fed) expectations.
The pair’s strong performance follows a significant bounce from the 200-day Simple Moving Average (SMA), signaling renewed bullish sentiment among traders.
The British Pound (GBP) remains buoyed by last week’s robust UK economic data, which has dampened hopes for an imminent rate cut by the BoE.
Meanwhile, the US dollar (USD) struggles to gain traction as investors anticipate the Fed’s rate-cutting cycle to begin as early as September.
These factors collectively underpin the GBP/USD pair’s strength, with traders now looking ahead to key events later in the week for further guidance.
GBP/USD Volatility Expected Amidst BoE Rate Cut Speculations and Fed Dovishness
On the BoE front, the Pound Sterling has maintained its strength against major currencies, supported by expectations that the BoE may hold off on cutting rates in September.
This follows stronger-than-expected UK economic data, which suggests resilience in the economy.
However, the market remains cautious as investors await more data, particularly the FOMC meeting minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium later this week, for clearer direction on the Fed’s policy stance.
Despite the market’s focus on the Fed, the absence of significant UK or US macroeconomic data early in the week has led traders to tread carefully, awaiting more substantial cues before committing to aggressive directional bets.
The GBP/USD pair could experience heightened volatility as the week progresses, particularly in response to global PMIs and any updates on the Fed’s rate-cut path.
Impact of Federal Reserve Rate Cut Expectations and Geopolitical Tensions on GBP/USD
On the US front, the US dollar continues to languish near its lowest levels since January, weighed down by dovish Fed expectations.
The market remains convinced that the Fed will begin cutting rates in September, following recent comments from San Francisco Fed President Mary Daly, who emphasized a gradual approach to easing monetary policy.
This sentiment has kept US Treasury bond yields depressed, further pressuring the USD and benefiting the GBP/USD pair.
Moreover, the prevalent risk-on sentiment in global markets has reduced demand for the safe-haven US dollar, contributing to the GBP’s recent strength.
Traders are now closely monitoring upcoming events, including the FOMC meeting minutes and Fed Chair Powell’s speech, for any signals that could alter the Fed’s policy trajectory and impact the GBP/USD pair’s outlook.
EUR/USD - Technical Analysis
EUR/USD is currently trading at $1.10399, showing a slight uptick of 0.11% as the pair hovers near key technical levels.
The pivot point at $1.1073 is the critical level to watch. If the price breaks above this pivot, it could signal further gains.
The RSI is at 69, indicating that while the pair is approaching overbought territory, there is still room for upward movement before a potential pullback.
The 50-day Exponential Moving Average (EMA) at $1.0958 is trending upward, supporting the bullish outlook.
Immediate resistance is found at $1.1072, just below the pivot, followed by stronger resistance at $1.1105 and $1.1140.
On the downside, immediate support is at $1.0986, with additional support levels at $1.0956 and $1.0914. A break below these levels could signal a shift in momentum to the downside.
For traders, a buy entry above $1.10197 with a target of $1.10728 could be a strategic move, capturing potential gains as the pair approaches the pivot.
A stop loss at $1.09853 would help manage risk in case of an unexpected downturn.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Buy Entry: Above $1.10197 for a target of $1.10728.
- Immediate Resistance: At $1.1072; a break could lead to further gains.
- Support Levels: Monitor $1.0986 and $1.0956 for potential pullbacks.
EUR/USD is currently trading at $1.10399, showing a slight uptick of 0.11% as the pair hovers near key technical levels.
The pivot point at $1.1073 is the critical level to watch. If the price breaks above this pivot, it could signal further gains. The RSI is at 69, indicating that while the pair is approaching overbought territory, there is still room for upward movement before a potential pullback.
The 50-day Exponential Moving Average (EMA) at $1.0958 is trending upward, supporting the bullish outlook.
Immediate resistance is found at $1.1072, just below the pivot, followed by stronger resistance at $1.1105 and $1.1140.
On the downside, immediate support is at $1.0986, with additional support levels at $1.0956 and $1.0914. A break below these levels could signal a shift in momentum to the downside.
For traders, a buy entry above $1.10197 with a target of $1.10728 could be a strategic move, capturing potential gains as the pair approaches the pivot.
A stop loss at $1.09853 would help manage risk in case of an unexpected downturn.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.10197
Take Profit – 1.10728
Stop Loss – 1.09853
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$531/ -$344
Profit & Loss Per Mini Lot = +$53/ -$34
EUR/USD Price Analysis – Aug 16, 2024
Daily Price Outlook
During the European trading session, the EUR/USD currency pair maintained its upward momentum, hovering around the $1.0993 mark and reaching an intra-day high of 1.0993.
This upward movement was primarily driven by a weaker US dollar, which lost ground amid growing expectations that the Federal Reserve (Fed) might start cutting interest rates beginning with its September meeting.
Additionally, risk-on market sentiment, fueled by strong US economic data, was another key factor pressuring the US dollar and contributing to gains in the EUR/USD pair.
However, increasing bets on more ECB rate cuts could undermine the EUR currency and cap gains in the EUR/USD pair.
Impact of Federal Reserve's Dovish Signals on EUR/USD Amid Strong US Data
Despite Thursday's upbeat US macro data, the broad-based US dollar failed to halt its downward trend and edged lower on the day as markets anticipate a Federal Reserve interest rate cut in September.
Federal Reserve officials, including Atlanta Fed President Raphael Bostic and St. Louis Fed President James Bullard, have hinted that a rate cut might be needed soon due to easing inflation pressures and changing economic risks.
This situation has created uncertainty about the dollar's future performance. These developments are likely to influence the EUR/USD pair, potentially weakening the dollar against the euro if the Fed signals a dovish monetary policy stance in response to economic conditions.
On the data front, the US Census Bureau reported a 1% increase in retail sales for July, surpassing expectations of a 0.3% rise.
Excluding autos, sales were up 0.4%, exceeding the anticipated 0.1% gain. Additionally, the US Department of Labor (DOL) disclosed that initial jobless claims for the week ending August 10 totaled 227,000, better than the expected 235,000 and the previous week’s 234,000.
These stronger-than-expected figures underscore the resilience of the US economy and reinforce the view that the labor market remains robust.
ECB Rate Cut Expectations and EUR/USD Short-Term Outlook
On the EUR front, expectations that the European Central Bank (ECB) will cut rates further due to declining inflation in the Eurozone are limiting gains for the EUR/USD pair.
Despite this, the pair remains on track for modest weekly gains, with some buying support near the 1.0990 level on Thursday suggesting caution before expecting deeper losses.
Traders are now focusing on upcoming US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for short-term trading opportunities.
EUR/USD - Technical Analysis
EUR/USD is showing signs of a potential bullish breakout, currently trading at $1.09842, up 0.04% for the day.
The pair is hovering just above its pivot point at $1.0972, which is a key level to watch for further upside.
Immediate resistance is seen at $1.1043, and if the pair can close above this level, it could target the next resistance levels at $1.1073 and $1.1105.
The Relative Strength Index (RSI) is moderately positioned at 55, indicating there's room for further upward movement before entering overbought territory.
The 50-day Exponential Moving Average (EMA) at $1.0947 is providing solid support, reinforcing the bullish outlook.
Immediate support levels are at $1.0883 and $1.0845, with an additional safety net at $1.0922. These levels are crucial to maintain the current bullish momentum.
If the price dips below $1.0972, a short-term pullback could be in the cards, but the overall outlook remains positive as long as it holds above the 50-day EMA.
For those considering entering the market, buying above $1.0972 could be a strategic move, targeting a take-profit at $1.10339.
A stop-loss should be placed at $1.09376 to manage potential downside risks. The key area to watch is the $1.1043 resistance, which could determine the sustainability of this bullish trend.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD eyes $1.1043 resistance; a break above could push it to $1.1073.
- RSI at 55, indicating potential for further gains before hitting overbought levels.
- Strategy: Buy above $1.0972, targeting $1.10339, with a stop-loss at $1.09376.
EUR/USD is showing signs of a potential bullish breakout, currently trading at $1.09842, up 0.04% for the day.
The pair is hovering just above its pivot point at $1.0972, which is a key level to watch for further upside.
Immediate resistance is seen at $1.1043, and if the pair can close above this level, it could target the next resistance levels at $1.1073 and $1.1105.
The Relative Strength Index (RSI) is moderately positioned at 55, indicating there's room for further upward movement before entering overbought territory.
The 50-day Exponential Moving Average (EMA) at $1.0947 is providing solid support, reinforcing the bullish outlook.
Immediate support levels are at $1.0883 and $1.0845, with an additional safety net at $1.0922. These levels are crucial to maintain the current bullish momentum.
If the price dips below $1.0972, a short-term pullback could be in the cards, but the overall outlook remains positive as long as it holds above the 50-day EMA.
For those considering entering the market, buying above $1.0972 could be a strategic move, targeting a take-profit at $1.10339.
A stop-loss should be placed at $1.09376 to manage potential downside risks. The key area to watch is the $1.1043 resistance, which could determine the sustainability of this bullish trend.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.09720
Take Profit – 1.10339
Stop Loss – 1.09376
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$619/ -$344
Profit & Loss Per Mini Lot = +$61/ -$34