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

Daily Price Outlook

- Immediate Resistance: $1.05480; Next Levels: $1.05914 and $1.06294.

- Support Levels: $1.04525; Further Supports: $1.04204 and $1.03858.

- Indicators: RSI at 54 signals neutral momentum; 50 EMA at $1.05031 supports the uptrend.

The EUR/USD pair is trading at $1.05188, up 0.19%, as the pair extends its recovery above the pivot point of $1.05032. The immediate resistance level lies at $1.05480, a critical threshold for short-term buyers.

A break above this level could see the euro challenging higher resistance at $1.05914 and potentially $1.06294, driven by renewed bullish momentum and improving sentiment.

On the downside, immediate support is at $1.04525, followed by stronger safety nets at $1.04204 and $1.03858. The pair remains supported near the 50 EMA at $1.05031, highlighting stability around the pivot zone.

Traders should watch this level closely, as a sustained position above it suggests further upside potential, while a breach below could shift focus to the support zones.

The Relative Strength Index (RSI) stands at 54, reflecting neutral momentum and signaling room for further gains if buyers take control.

A cautious bullish tone persists as long as the EUR/USD pair holds above the pivot point. The buy limit entry near $1.05037, targeting $1.05491, aligns well with the current technical structure, with a stop loss placed at $1.04699 for risk management.

In conclusion, while market conditions remain delicate, the EUR/USD appears poised for upward movement above $1.05032, with near-term targets pointing to $1.05480 and beyond.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.05037

Take Profit – 1.05491

Stop Loss – 1.04699

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$454/ -$338

Profit & Loss Per Mini Lot = +$45/ -$33