Assume that:

•  The Euro's opening price against the US Dollar (EUR/USD) is 1.33623/1.33624.

• You decide to sell one standard lot (worth €100,000) at 1.33623.

• A few days later, the Euro falls to 1.32128/1.32129 against the US Dollar.

• You decide to repurchase one standard lot at 1.32129.

The following is how your trade is calculated:

Opening Price: €100,000 x 1.33623 = USD $133,623

Closing Price: €100,000 x 1.32129 = USD $132,129

Gross Profit on trade: $133,623 - $132,129 = $1494

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