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

Daily Price Outlook

- Immediate resistance at $1.1135, with support at $1.1094, marks critical levels.

- RSI at 60 suggests moderate bullish momentum but not overbought.

- 50-day EMA at $1.1074 provides strong near-term support, reinforcing the uptrend.

EUR/USD is trading at $1.11258, up 0.11%, showing mild bullish momentum as it approaches key resistance levels. The pair is hovering above its pivot point at $1.1113, indicating that buying interest remains strong for the time being.

Immediate resistance is seen at $1.1135, followed by additional hurdles at $1.1155 and $1.1185. On the downside, the first support sits at $1.1094, with further levels at $1.1072 and $1.1049.

The RSI has reached 60, signaling that momentum is leaning toward the bullish side but is not yet overbought. The 50-day EMA is positioned at $1.1074, providing a solid foundation of support that reinforces a short-term bullish bias.

As long as the pair remains above this moving average, the outlook remains favorable for further gains.

Traders are likely focusing on upcoming economic data and central bank comments, as any shifts in sentiment could introduce volatility. A break above $1.1135 would confirm the continuation of the uptrend, with a potential move toward the next resistance level at $1.1155. Entry points for buyers are recommended above $1.11134, with a take profit target at $1.11504 and a stop-loss placed at $1.10948.

However, should the pair fall below the $1.1094 support level, bearish sentiment could take hold, pushing the price further toward the next key support at $1.1072.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.11134

Take Profit – 1.11504

Stop Loss – 1.10948

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$370/ -$186

Profit & Loss Per Mini Lot = +$37/ -$18