Daily Price Outlook

    EUR/USD remained stagnant in recent sessions, trading within the 1.1105 support and 1.1170 resistance levels. The price must surpass either of these levels for clearer direction in its next targets.

    As the price remains indecisive, a break below the support could lead to further declines targeting 1.1055 and 1.1000 levels. Conversely, breaching the resistance is crucial to resume the main bullish trend, aiming for 1.1275 and 1.1418 levels.

    Expected trading range for today: 1.1050 (support) to 1.1210 (resistance).

    EUR/USD Price Chart – Source: Tradingview
    EUR/USD Price Chart – Source: Tradingview

    EUR/USD - Trade Idea

    Entry Price – Buy Limit 1.11082

    Take Profit – 1.12072

    Stop Loss – 1.10615

    Risk to Reward – 1: 2

    Profit & Loss Per Standard Lot = +$990/ -$460

    Profit & Loss Per Micro Lot = +$99/ -$46

    EUR/USD

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