Daily Price Outlook

        The EURUSD currency pair currently hovers around the 1.0785 mark. It's observed that the stochastic exhibits a measured waning of its bullish momentum, concurrently with the EMA50 exerting downward pressure on the pair.

        Considering these indicators, there's a heightened propensity for the pair to revert to its overarching bearish trajectory, as delineated within the bearish channel depicted on the chart. A definitive breach below the current level could signal a trajectory towards the 1.0700 benchmark. Conversely, surpassing the 1.0835 threshold might catalyze intraday advancements, with a potential aim to approach the 1.0880 mark before any subsequent retracements.

        For today, the anticipated trading range is set between the 1.0720 support and 1.0880 resistance levels.

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

        EUR/USD - Trade Idea

        Entry Price – Buy Above 1.08033

        Take Profit – 1.08406

        Stop Loss – 1.07726

        Risk to Reward – 1: 1.2

        Profit & Loss Per Standard Lot = +$373/ -$307

        Profit & Loss Per Micro Lot = +$37/ -$30



        24/7 live support, lightning fast withdrawals, guaranteed safe and reliable trading platforms with a true ECN broker.