Please click here to read and acknowledge our Trade Ideas Disclaimer before using these ideas in your strategies and trading. This document’s information, including forex signals and research, is for general informational and educational purposes only and does not provide specific financial, investment, or trading advice.

Daily Trade Ideas

EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
Apr 18, 2023
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The EUR/USD currency pair trades with a neutral bias after facing strong resistance around the 1.098 level. Extended by a double-top pattern, the resistance level is a solid resistance for the euro today.

On the lower side, the EUR/USD pair has immediate support around the 1.0952 level, and a substantial sell-off could push the pair further down toward the 1.0930 or 1.0910 levels. However, if the EUR/USD breaks above 1.0985, it can target resistance levels of 1.1000 or 1.1018.

EUR/USD Price Chart - Source: Tradingview

EUR/USD Trade Idea

Entry Price – Sell Below 

Stop Loss – 1.10068

Take Profit – 1.09537

Risk to Reward – 1 : 1.1

Profit & Loss Per Standard Lot = +$280/ -$250

Profit & Loss Per Micro Lot = +$28/ -$25

Please click here to read and acknowledge our Trade Ideas Disclaimer before using these ideas in your strategies and trading. This document’s information, including forex signals and research, is for general informational and educational purposes only and does not provide specific financial, investment, or trading advice.

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