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

Daily Price Outlook

- EUR/USD trading at $1.08496, up 0.02%, pivot point at $1.0853.

- RSI at 54, indicating a neutral stance; immediate support at $1.0833, resistance at $1.0875.

- Buy stop above $1.08585; target $1.08930; stop loss at $1.08408 to manage risk.

EUR/USD is trading at $1.08496, up 0.02% as the pair shows slight gains amid ongoing market uncertainties. The pivot point at $1.0853 is critical for determining the market’s next move.

Immediate resistance levels are located at $1.0875, $1.0895, and $1.0914, suggesting potential upward targets if bullish momentum persists. On the downside, immediate support is found at $1.0833, followed by $1.0808 and $1.0783, providing key levels to watch if the price faces selling pressure.

The Relative Strength Index (RSI) is currently at 54, indicating a neutral stance with no immediate overbought or oversold conditions. The 50-day Exponential Moving Average (EMA) is at $1.0852, with the price hovering around this level, suggesting a balanced outlook in the near term.

Given the current technical configuration, a prudent strategy would be a buy stop order above $1.08585. This approach targets potential gains up to $1.08930 while setting a stop loss at $1.08408 to manage risk.

EUR/USD - Trade Ideas

Entry Price – Buy Stop 1.08585

Take Profit – 1.08930

Stop Loss – 1.08408

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$345/ -$177

Profit & Loss Per Mini Lot = +$34/ -$17