Daily Price Outlook

- Opt for a buy entry if EUR/USD exceeds the 1.07076 mark, aiming for profits at 1.07534.

- Establish a stop-loss at 1.06683 to protect against unexpected downturns.

- Monitor RSI and 50 EMA closely, as they provide crucial insights into the current market sentiment and potential shifts in momentum.

Today, the EUR/USD pair has shown notable strength, registering a gain of 0.35%, and trading at 1.07288. This upward movement comes as the currency pair tests key technical levels on a 4-hour chart. Currently, EUR/USD hovers slightly above the pivot point of 1.07082, suggesting a possible continuation of the bullish trend if it maintains this momentum.

If the pair sustains above the pivot point, the immediate resistance at 1.07534 could be the next target. Breaching this level might open the path towards higher resistance levels at 1.07777 and 1.08088. Conversely, if the pair reverses its gains, it could find support at 1.06783. Further declines might test subsequent support levels at 1.06431 and 1.06090, marking critical zones that could halt a downward trajectory.

The technical indicators reinforce the bullish outlook, with the Relative Strength Index (RSI) at 57 indicating a slight bullish momentum without venturing into overbought territory. The 50-Day Exponential Moving Average (EMA) sits just below the current price at 1.07043, further supporting the potential for upward movement.

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

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.07076

Take Profit – 1.07534

Stop Loss – 1.06683

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$458/ -$393

Profit & Loss Per Mini Lot = +$45/ -$39



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