Daily Price Outlook

    The EUR/USD pair displays indications of continued downward movement. Current observations note a negative correlation in the stochastic oscillator, bolstering the likelihood of an extended bearish trend for the day, with a primary target set at 1.0635.

    Our analysis maintains a bearish outlook for subsequent sessions only if it manages to break below 1.07207 level. For today, we project a trading range with support at 1.0660 and resistance at 1.0810.

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

    EUR/USD - Trade Idea 

    Entry Price – Buy Above 1.07224

    Take Profit – 1.07666

    Stop Loss – 1.06998

    Risk to Reward – 1: 1.9

    Profit & Loss Per Standard Lot = +$442/ -$226

    Profit & Loss Per Micro Lot = +$44/ -$22

    EUR/USD

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