Daily Price Outlook

Despite the hawkish remarks from US Federal Reserve officials, the EUR/USD currency pair maintained its winning streak and remained well-bid around the 1.0830 level. However, the reason for its bullish momentum could be linked to the mixed PMI figures from the Eurozone, as they suggest resilience in the Eurozone economy, boosting investor confidence in the Euro. However, the positive data includes the increase in preliminary Eurozone and German Services PMIs, suggesting potential strength in the services sector despite manufacturing PMIs falling short of market expectations.

On the other side, the broad-based US dollar bullish bias, backed by the hawkish Fed stance and upbeat US economic data, was seen as a key factor that could cap further gains in the EUR/USD pair.

Impact of Strong US Dollar on EUR/USD Pair

On the US front, the broad-based US dollar prolonged its upward trend, hovering near 103.90, supported by robust US yields. Meanwhile, the greenback received additional upward momentum from strong labor data, with weekly Initial Jobless Claims dropping to 201K, surpassing market expectations. Furthermore, the hawkish stance of US Federal Reserve officials, highlighting hesitation towards near-term rate cuts due to inflation concerns, continues to bolster confidence in the US dollar's strength.

Therefore, the strength of the US dollar, driven by robust yields, positive labor data, and a hawkish Federal Reserve stance, is likely to exert downward pressure on the EUR/USD pair due to increased demand for the dollar.

Eurozone PMIs Lift EUR/USD Despite ECB Caution

On the Euro front, investors are getting support from the upbeat Eurozone and German Services PMIs for February, despite a slight disappointment in Manufacturing PMIs. The European Central Bank (ECB) remains cautious about easing monetary policy, as indicated in their recent meeting accounts, highlighting a reluctance to discuss rate cuts at this stage.

Even though inflation is improving and policymakers are feeling more positive, they're cautious about lowering interest rates, even if inflation forecasts drop in March. Hence, the positive Eurozone and German services PMIs lift the EUR/USD pair.

EUR/USD - Technical Analysis

The EUR/USD pair has exhibited marginal gains in the session dated February 23, with a subtle rise of 0.04%, placing the price at 1.08265. This minor uptick mirrors a cautiously optimistic sentiment in the currency market, as traders weigh the latest economic cues from both sides of the Atlantic.

For the Euro against the Dollar, the pivot point is found at 1.0761, which is key for determining the day's trading bias. Immediate resistance is seen at 1.0823, and a breach here could pave the way to further resistance levels at 1.0869 and 1.0934. These figures represent significant challenges to upward momentum. On the downside, the currency pair finds its immediate support at 1.0712, with additional safety nets at 1.0646 and 1.0602, which could entice buyers back into the market should we see a retracement.

The Relative Strength Index (RSI) hovers at 58, nestled between the overbought and oversold thresholds, implying a neutral market with a slight tilt towards bullishness. The Moving Average Convergence Divergence (MACD) is just below the signal line at -0.00009, compared to 0.00143, indicating a potential for downward pressure or a consolidation phase. The 50-day Exponential Moving Average (EMA) closely aligns with the current price at 1.0824, suggesting the pair is trading at a critical juncture.

The technical perspective of the EUR/USD paints a picture of neutrality with a mild bullish undercurrent. Traders might consider a cautious approach, setting a buy limit at 1.08160 with an aim for taking profits at 1.08576, and placing a stop loss at 1.07832. This conservative strategy allows for participation in potential upside movement while protecting against unexpected downward shifts.

Daily Price Outlook 

The EUR/USD pair has exhibited marginal gains in the session dated February 23, with a subtle rise of 0.04%, placing the price at 1.08265. This minor uptick mirrors a cautiously optimistic sentiment in the currency market, as traders weigh the latest economic cues from both sides of the Atlantic.

For the Euro against the Dollar, the pivot point is found at 1.0761, which is key for determining the day's trading bias. Immediate resistance is seen at 1.0823, and a breach here could pave the way to further resistance levels at 1.0869 and 1.0934. These figures represent significant challenges to upward momentum. On the downside, the currency pair finds its immediate support at 1.0712, with additional safety nets at 1.0646 and 1.0602, which could entice buyers back into the market should we see a retracement.

The Relative Strength Index (RSI) hovers at 58, nestled between the overbought and oversold thresholds, implying a neutral market with a slight tilt towards bullishness. The Moving Average Convergence Divergence (MACD) is just below the signal line at -0.00009, compared to 0.00143, indicating a potential for downward pressure or a consolidation phase. The 50-day Exponential Moving Average (EMA) closely aligns with the current price at 1.0824, suggesting the pair is trading at a critical juncture.

The technical perspective of the EUR/USD paints a picture of neutrality with a mild bullish undercurrent. Traders might consider a cautious approach, setting a buy limit at 1.08160 with an aim for taking profits at 1.08576, and placing a stop loss at 1.07832. This conservative strategy allows for participation in potential upside movement while protecting against unexpected downward shifts.

EUR/USD- Trade Ideas

Entry Price – Buy Limit 1.08160

Take Profit – 1.08576

Stop Loss – 1.07832

Risk to Reward – 1: 1.27

Profit & Loss Per Standard Lot = +$416/ -$328

Profit & Loss Per Mini Lot = +$41/ -$32

Daily Price Outlook

Despite the sluggish growth in the European economy, the EUR/USD currency pair has been able to trade on a bullish track and gain momentum above the 1.0812 level. However, the bullish factor behind its upward trend is only the bearish US dollar, which recently lost its strength and turned down just above its lowest level in almost three weeks. Investors expect the Federal Reserve to reduce interest rates four times by 25 basis points each in 2024, starting in June. 

This expectation is causing the US Dollar to weaken and support the EUR/USD pair. In contrast to this, the ongoing economic challenges in the European economy are likely to exert downward pressure on the EUR currency, which could cap further gains in the EUR/USD pair.

Anticipation of Potential Interest Rate Cuts and its Impact on the US Dollar

On the US front, the broad-based US dollar is losing its strength as the experts anticipate that the Federal Reserve might lower interest rates in June, but strong economic growth and inflation worries could potentially delay this decision. Federal Reserve officials, including Chair Jerome Powell, have stated their intention to ensure clarity regarding inflation before considering rate cuts. 

Investors are eagerly awaiting updates from the Fed this week to gain insight into potential developments. Therefore, the anticipation of interest rate cuts due to economic concerns exerted downward pressure on the US dollar as it indicates uncertainty and weakening of the economy.

Geopolitical Instability and Its Impact on Currency Markets

On the other hand, the long-lasting conflict between Israel and Gaza has resulted in considerable casualties, with thousands killed and injured. Simultaneously, tensions between the US and Russia have escalated over reports of Russia's potential development of space-based anti-satellite nuclear weapons. This geopolitical instability could boost the US dollar as a safe-haven asset, likely pressuring the EUR/USD pair downward due to market sentiment favoring the dollar's stability.

EUR/USD - Technical Analysis

On February 21st, the EUR/USD pair showed a modest upward movement, registering a 0.10% increase to 1.08169. This slight appreciation reflects a cautious optimism among traders as they navigate through a mix of economic signals from both Europe and the United States. The forex market continues to weigh the ongoing economic recovery efforts in the Eurozone against the backdrop of monetary policy adjustments by the Federal Reserve.

The pivot point for the EUR/USD is set at 1.0760, indicating a foundational level from which price movements may pivot. Resistance levels are identified at 1.0827, 1.0870, and 1.0937, marking potential ceilings where upward momentum could face headwinds. On the downside, support levels at 1.0714, 1.0647, and 1.0600 provide safety nets, potentially arresting any declines and offering opportunities for rebounds.

The Relative Strength Index (RSI) at 64 signals a growing bullish momentum, nearing the threshold of overbought conditions but still suggesting room for upward movement. The Moving Average Convergence Divergence (MACD), with a reading of 0.0015 above the signal line of 0.0004, corroborates the bullish sentiment, indicating a possible continuation of the upward trend. Additionally, the 50-day Exponential Moving Average (EMA) at 1.0802, closely aligned with the current price, supports the notion of sustained bullish momentum in the near term.

Given the alignment of technical indicators and key price levels, the EUR/USD currency pair demonstrates a cautiously bullish outlook. Investors are advised to consider entering long positions above 1.08043, with a take-profit target set at 1.08360, and a stop loss at 1.07833 to mitigate potential risks. This strategic approach leverages the current market dynamics, aiming to capitalize on the expected continuation of the pair's upward trajectory while protecting against unexpected market swings.

Daily Price Outlook 

On February 21st, the EUR/USD pair showed a modest upward movement, registering a 0.10% increase to 1.08169. This slight appreciation reflects a cautious optimism among traders as they navigate through a mix of economic signals from both Europe and the United States. The forex market continues to weigh the ongoing economic recovery efforts in the Eurozone against the backdrop of monetary policy adjustments by the Federal Reserve.

The pivot point for the EUR/USD is set at 1.0760, indicating a foundational level from which price movements may pivot. Resistance levels are identified at 1.0827, 1.0870, and 1.0937, marking potential ceilings where upward momentum could face headwinds. On the downside, support levels at 1.0714, 1.0647, and 1.0600 provide safety nets, potentially arresting any declines and offering opportunities for rebounds.

The Relative Strength Index (RSI) at 64 signals a growing bullish momentum, nearing the threshold of overbought conditions but still suggesting room for upward movement. The Moving Average Convergence Divergence (MACD), with a reading of 0.0015 above the signal line of 0.0004, corroborates the bullish sentiment, indicating a possible continuation of the upward trend. Additionally, the 50-day Exponential Moving Average (EMA) at 1.0802, closely aligned with the current price, supports the notion of sustained bullish momentum in the near term.

Given the alignment of technical indicators and key price levels, the EUR/USD currency pair demonstrates a cautiously bullish outlook. Investors are advised to consider entering long positions above 1.08043, with a take-profit target set at 1.08360, and a stop loss at 1.07833 to mitigate potential risks. This strategic approach leverages the current market dynamics, aiming to capitalize on the expected continuation of the pair's upward trajectory while protecting against unexpected market swings.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08043

Take Profit – 1.08360

Stop Loss – 1.07833

Risk to Reward – 1: 1.51

Profit & Loss Per Standard Lot = +$317/ -$210

Profit & Loss Per Mini Lot = +$31/ -$21

Daily Price Outlook 

Today, the EUR/USD pair has seen a slight increase of 0.04%, trading at 1.07792. This movement signals a cautious optimism among traders as they navigate through the currency market's complexities. The pivotal point for today's session is marked at 1.0759, with the pair facing immediate resistance at 1.0823, and further barriers at 1.0871 and 1.0935. On the downside, support levels are identified at 1.0712, 1.0648, and 1.0602, delineating critical zones that could trigger potential shifts in market dynamics.

Technical indicators shed light on the pair's current momentum. The Relative Strength Index (RSI) is positioned at 58, hinting at a growing buying interest. The Moving Average Convergence Divergence (MACD) shows a value of 0.0005 with a signal of 0.0007, suggesting a balanced market sentiment with potential for upward movement. Moreover, the 50-Day Exponential Moving Average (EMA) at 1.0768 supports the bullish sentiment, especially as the 50 EMA crossover on the 4-hour timeframe hints at a buying trend. Additionally, a bullish breakout of the double top pattern at the $1.0786 level could catalyze a buying trend, indicating a favorable moment for bullish traders.

The EUR/USD exhibits signs of a bullish trend with a recommended buy limit at 1.07720. Setting a take profit at 1.08377 and a stop loss at 1.07295 could optimize trading strategies, leveraging the pair's current technical setup for potential gains.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.07720

Take Profit – 1.08377

Stop Loss – 1.07295

Risk to Reward – 1: 1.55

Profit & Loss Per Standard Lot = +$657/ -$425

Profit & Loss Per Mini Lot = +$65/ -$42

Daily Price Outlook

The EUR/USD pair showcased resilience, trading robustly around the $1.0780 mark, buoyed by speculation over a potential rate cut by the Federal Reserve in its upcoming March meeting. Such anticipations have softened the US dollar, propelling the EUR/USD pair's upward trajectory. Despite a bullish outlook, the Euro faces potential headwinds from lower European money market rates. Additionally, remarks by ECB official François Villeroy de Galhau hinting at a possible ECB rate reduction could pose challenges for the Euro, potentially influencing the EUR/USD pair negatively.

Dollar's Decline Amid Rate Cut Expectations

The anticipation of a Federal Reserve interest rate reduction in March has led to a weakening US dollar. Former Fed official James Bullard's advocacy for rate cuts to bolster the economy has further fueled these expectations, with the Dollar Index (DXY) recording a downward trend for four consecutive days, hovering around 104.20. Although the dollar experienced a temporary uplift following favorable Producer Price Index (PPI) data, the prevailing sentiment leans towards a rate cut, driven by Bullard's comments on supporting economic stability through monetary policy adjustments.

European Markets' Influence on the Euro

European money markets are currently experiencing a downturn, exerting pressure on the Euro. ECB's François Villeroy de Galhau's suggestion for an imminent rate cut to counteract this trend underscores the challenges faced by the Eurozone. ECB President Christine Lagarde's emphasis on achieving the ECB's 2% inflation target amidst current economic fragility further underscores the cautious stance towards monetary policy. This complex backdrop suggests that the EUR/USD pair might encounter resistance due to the nuanced interplay of European market dynamics and monetary policy expectations.

In summary, while the EUR/USD pair benefits from a weaker US dollar and rate cut speculations, it remains sensitive to shifts in European monetary policy and market conditions.

EUR/USD - Technical Analysis

Today, the EUR/USD pair has seen a slight increase of 0.04%, trading at 1.07792. This movement signals a cautious optimism among traders as they navigate through the currency market's complexities. The pivotal point for today's session is marked at 1.0759, with the pair facing immediate resistance at 1.0823, and further barriers at 1.0871 and 1.0935. On the downside, support levels are identified at 1.0712, 1.0648, and 1.0602, delineating critical zones that could trigger potential shifts in market dynamics.

Technical indicators shed light on the pair's current momentum. The Relative Strength Index (RSI) is positioned at 58, hinting at a growing buying interest. The Moving Average Convergence Divergence (MACD) shows a value of 0.0005 with a signal of 0.0007, suggesting a balanced market sentiment with potential for upward movement. Moreover, the 50-Day Exponential Moving Average (EMA) at 1.0768 supports the bullish sentiment, especially as the 50 EMA crossover on the 4-hour timeframe hints at a buying trend. Additionally, a bullish breakout of the double top pattern at the $1.0786 level could catalyze a buying trend, indicating a favorable moment for bullish traders.

The EUR/USD exhibits signs of a bullish trend with a recommended buy limit at 1.07720. Setting a take profit at 1.08377 and a stop loss at 1.07295 could optimize trading strategies, leveraging the pair's current technical setup for potential gains.

Daily Price Outlook

Despite the potential rate cut by the ECB, the EUR/USD currency pair managed to gain some traction and remained well-bid around the 1.0775 level. However, the reason for its winning streak can be tied to the declining US dollar, which was pressured by disappointing Retail Sales data. In contrast, the mention of a potential rate cut by ECB Governing Council member François Villeroy de Galhau could exert downward pressure on the EUR/USD pair due to expectations of easing monetary policy. Moving on, traders seem hesitant to place any strong position ahead of key data events, particularly the Producer Price Index (PPI) and Michigan Consumer Sentiment Index from the United States (US) scheduled to be released on Friday.

ECB Rate Cut Speculation and Economic Concerns Impact EUR/USD Pair

European Central Bank (ECB) member François Villeroy de Galhau suggested that they might lower interest rates soon to boost the economy. He thinks it's better not to wait too long. It's likely that interest rates will be cut this year, but we don't know exactly when. The ECB can change rates without making big, sudden moves to help the economy. The head of the ECB, Christine Lagarde, said that the economy is still slow and prices aren't going up much. She wants people to trust that things will improve and prices will rise by 2%. In economic news, the Eurozone's economy grew a bit at the end of last year, and Germany's wholesale prices went down a little in January.

Therefore, the potential rate cut and cautious economic outlook may weigh on the EUR/USD pair, as investors monitor developments regarding monetary policy and economic performance in the Eurozone.

US Dollar Weakness and Fed Rate Cut Expectations Benefit EUR/USD Pair

The US dollar is attempting to rebound amid rising US Treasury yields, but it's struggling to regain ground and remains under pressure. Investors seem to be leaning towards the belief that the Federal Reserve won't cut rates in March or May, with a 52% chance of a rate cut in June according to the CME FedWatch Tool. The EUR/USD pair received a boost from disappointing US Retail Sales data released on Thursday. Atlanta Fed President Raphael W. Bostic is aiming for inflation improvement but warns of potential obstacles ahead. January's Retail Sales and Industrial Production figures both fell short of expectations.

Therefore, the weakening US dollar and market sentiment against potential Fed rate cuts could favor the EUR/USD pair amidst disappointing US economic data.

EUR/USD - Technical Analysis

In today's financial discourse, the EUR/USD exchange rate exhibits a slight decline, registering at 1.07610, a 0.11% decrease. This movement underscores the currency pair's recent struggle to maintain upward momentum amidst fluctuating market sentiments. The technical landscape for EUR/USD is encapsulated within pivotal levels that dictate short-term market direction, with a noted pivot point at 1.08. This level stands as a demarcation line, with resistance uniformly pegged at 1.08 across the board, hinting at a significant psychological barrier for traders.

Conversely, support levels are consistently positioned at 1.07, suggesting a potential floor where buying interest could reignite. The Relative Strength Index (RSI) at 54 indicates a market that is neither overbought nor oversold, portraying a balanced dynamic between buyers and sellers. Furthermore, the 50-day Exponential Moving Average (EMA) aligns with the pivot point at 1.08, reinforcing this level's significance in determining the pair's next move.

Given the confluence of technical indicators and key price levels, the EUR/USD pair presents a nuanced outlook. The recommendation leans towards a cautious sell limit at 1.07727, with a calculated take profit at 1.07392 and a stop loss at 1.07943. This strategy reflects a prudent approach amidst the current equilibrium, suggesting that traders anticipate potential downward adjustments before committing to larger positions.

Daily Price Outlook 

In today's financial discourse, the EUR/USD exchange rate exhibits a slight decline, registering at 1.07610, a 0.11% decrease. This movement underscores the currency pair's recent struggle to maintain upward momentum amidst fluctuating market sentiments. The technical landscape for EUR/USD is encapsulated within pivotal levels that dictate short-term market direction, with a noted pivot point at 1.08. This level stands as a demarcation line, with resistance uniformly pegged at 1.08 across the board, hinting at a significant psychological barrier for traders.

Conversely, support levels are consistently positioned at 1.07, suggesting a potential floor where buying interest could reignite. The Relative Strength Index (RSI) at 54 indicates a market that is neither overbought nor oversold, portraying a balanced dynamic between buyers and sellers. Furthermore, the 50-day Exponential Moving Average (EMA) aligns with the pivot point at 1.08, reinforcing this level's significance in determining the pair's next move.

Given the confluence of technical indicators and key price levels, the EUR/USD pair presents a nuanced outlook. The recommendation leans towards a cautious sell limit at 1.07727, with a calculated take profit at 1.07392 and a stop loss at 1.07943. This strategy reflects a prudent approach amidst the current equilibrium, suggesting that traders anticipate potential downward adjustments before committing to larger positions.

EUR/USD - Trade Ideas

Entry Price – Sell Limit 1.07727

Take Profit – 1.07392

Stop Loss – 1.07943

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$335/ -$216

Profit & Loss Per Mini Lot = +$335/ -$21

Daily Price Outlook 

The EUR/USD currency pair managed to recover its losses and gained some positive traction despite the bullish US dollar, which was backed by the release of strong US CPI data. However, the upticks in the EUR/USD pair appeared after the release of better-than-expected Economic Sentiment data from both the Eurozone and Germany on Tuesday.

This has lend some support to the shared currency to recover its gains. In contrast to this, the Eurozone's GDP data for the fourth quarter met market expectations, which weakened the Euro and stopped the EUR/USD pair from rising further.

Impact of Eurozone Economic Data and ECB Comments on the EUR/USD Pair

It's worth noting that the shared currency received some support after the release of upbeat Economic Sentiment data from the Eurozone and Germany on Tuesday. ECB Vice President Luis de Guindos highlighted persistent wage pressures despite some signs of improvement. Meanwhile, the preliminary Eurozone GDP maintained a stable growth rate of 0.1% year-over-year in Q4, meeting expectations. Quarter-over-quarter, Eurozone GDP showed no change at 0.0%, consistent with the previous quarter.

On the negative side, the seasonally adjusted Eurozone Gross Domestic Product (GDP) data aligned with market expectations for the fourth quarter, putting downward pressure on the Euro and subsequently impacting the EUR/USD pair. This is because it indicates that the economy is performing as anticipated, without any significant surprises.

Investors are keeping their eyes on the release of preliminary Gross Domestic Product (GDP) data. Besides this, all ears are on a speech by Christine Lagarde, the ECB President, scheduled for Thursday.

Impact of Higher US Inflation on the USD and EUR/USD Pair

The broad-based US dollar received a boost from higher-than-expected inflation, favoring no interest rate cut by the Federal Reserve in March. This strengthened the US dollar against the EUR. This can be witnessed by the performance of DXY, which reaching 104.90 despite lower US Treasury yields. At the data front, the US headline Consumer Price Index (CPI) rose by 3.1%, exceeding expectations of 2.9% but below the previous rate of 3.4%.

US inflation increased by 0.3% MoM, against the expected 0.2%. US Core CPI (YoY) remained steady at 3.9%, defying market expectations of a decline to 3.7% in January. US Core Inflation (MoM) rose by 0.4%, surpassing the expected unchanged reading of 0.3% in January. The 2-year and 10-year US Treasury yields stood at 4.60% and 4.29% respectively.

Therefore, the news of higher US inflation and lowered probability of a Fed rate hike strengthened USD, leading to a decline in EUR/USD pair.

EUR/USD - Technical Analysis

On February 14, the EUR/USD pair steadied, marking an unchanged position at 1.07082, signifying a moment of equilibrium in the forex markets amidst varying economic signals from both sides of the Atlantic.

Currently, the pair finds itself just above the pivot point at 1.07005, indicating a slight bullish inclination. Immediate resistance levels are identified at 1.07221, followed by 1.07369 and 1.07586, which the pair needs to surpass to confirm a stronger upward momentum. On the downside, support levels are established at 1.06730, 1.06503, and further down at 1.06257, providing potential floors to cushion any downward movements.

The Relative Strength Index (RSI) stands at 37, pointing towards a leaning but not fully entered into the oversold territory. This, coupled with the 50-day Exponential Moving Average (EMA) positioned at 1.07628, slightly above the current price, suggests a cautious market sentiment with a lean towards potential upside.

Given these technical insights, a strategic approach would be to set a buy limit at 1.07001, aiming for a take profit at 1.07486, while placing a stop loss at 1.06719. This trading strategy capitalizes on the EUR/USD's current stability and anticipates a modest rebound towards the identified resistance levels.

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Daily Price Outlook 

- The EUR/USD pair remains stable at 1.07082, hovering around the pivot point, signaling a balanced market atmosphere.

- Resistance and support levels delineate a tight trading range, with RSI and 50-day EMA indicating a cautious yet slightly bullish outlook.

- A prudent trading strategy involves a buy limit at 1.07001, with a take profit target at 1.07486 and a stop loss set at 1.06719, leveraging the pair's potential for a slight upturn.

On February 14, the EUR/USD pair steadied, marking an unchanged position at 1.07082, signifying a moment of equilibrium in the forex markets amidst varying economic signals from both sides of the Atlantic.

Currently, the pair finds itself just above the pivot point at 1.07005, indicating a slight bullish inclination. Immediate resistance levels are identified at 1.07221, followed by 1.07369 and 1.07586, which the pair needs to surpass to confirm a stronger upward momentum. On the downside, support levels are established at 1.06730, 1.06503, and further down at 1.06257, providing potential floors to cushion any downward movements.

The Relative Strength Index (RSI) stands at 37, pointing towards a leaning but not fully entered into the oversold territory. This, coupled with the 50-day Exponential Moving Average (EMA) positioned at 1.07628, slightly above the current price, suggests a cautious market sentiment with a lean towards potential upside.

Given these technical insights, a strategic approach would be to set a buy limit at 1.07001, aiming for a take profit at 1.07486, while placing a stop loss at 1.06719. This trading strategy capitalizes on the EUR/USD's current stability and anticipates a modest rebound towards the identified resistance levels.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.07001

Take Profit – 1.07486

Stop Loss – 1.06719

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$485/ -$282

Profit & Loss Per Mini Lot = +$48/ -$28