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

Daily Price Outlook

- Resistance Levels: Key resistance at $1.06083, $1.06367, and $1.06620. A breakout above these levels is needed for bullish momentum.

- Support Levels: Immediate support lies at $1.05472, with further levels at $1.05176 and $1.04867 to watch for deeper downside risks.

- Technical Indicators: RSI at 52 signals neutral momentum, while the 50-day EMA at $1.05623 acts as a dynamic support zone.

EUR/USD is trading at $1.05874, down 0.06%, with bearish sentiment as the pair holds below the pivot point at $1.06083. Immediate resistance is positioned at $1.06367, with further resistance levels at $1.06620 and $1.06874, marking potential reversal zones for a bullish recovery.

The 50-day EMA at $1.05623 aligns closely with immediate support at $1.05472, forming a key short-term floor. Deeper support levels include $1.05176 and $1.04867, providing targets for sellers if the bearish trend persists.

The Relative Strength Index (RSI) is at 52, reflecting neutral momentum with no clear overbought or oversold signals. The pair is trading above the 50-day EMA, suggesting slight underlying bullish strength, but failure to break above $1.06083 could trigger a retreat.

Traders should watch the $1.05793 pivot closely—staying above this level favors bullish strategies, while a sustained break below $1.05472 would open the door for deeper corrections.

For now, a buy position above $1.05793 is recommended, targeting $1.06254 with a stop loss at $1.05565. However, sustained resistance at $1.06083 could limit gains, keeping the pair in a tight trading range.

EUR/USD remains range-bound below $1.06083, with opportunities for buying above $1.05793. However, failure to clear resistance levels could prompt further selling toward $1.05176.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.05793

Take Profit – 1.06254

Stop Loss – 1.05565

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$461/ -$228

Profit & Loss Per Mini Lot = +$46/ -$22