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

Daily Price Outlook

- EUR/USD trades near $1.05019; RSI at 48 indicates neutral momentum.

- Immediate resistance lies at $1.05914, with support at $1.04856.

- Buy limit at $1.04860 targets $1.05481, with a stop loss at $1.04522.

The EUR/USD pair is trading at $1.05019, up 0.11%, as modest bullish momentum develops within a largely neutral setup.

The key pivot point at $1.05480 acts as a critical level for price direction. Immediate resistance lies at $1.05914, with higher levels at $1.06294 offering potential targets if upward pressure strengthens.

On the downside, the pair finds support at $1.04856, with deeper levels at $1.04525 and $1.04204 acting as safety nets for buyers. The RSI at 48 indicates neutral momentum, suggesting the pair is in a consolidation phase with room for directional moves depending on the breakout.

The 50 EMA at $1.05205 is slightly above the current price, reinforcing a cautious upward bias. A break above the pivot point could signal bullish continuation toward $1.05914, while a failure to sustain above the $1.04856 support level may shift sentiment bearish.

Traders are positioning for a Buy Limit at $1.04860, targeting the pivot point at $1.05481, with a stop loss at $1.04522 to manage downside risk.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.04860

Take Profit – 1.05481

Stop Loss – 1.04522

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$621/ -$338

Profit & Loss Per Mini Lot = +$62/ -$33