Daily Price Outlook

- Bullish bias holds above $1.04551, with key resistance at $1.05205 and a breakout target of $1.05563.

- 50-EMA at $1.04033 supports near-term strength, but failure to hold above $1.04551 could invite selling pressure.

- Trade setup: Buy above $1.04405, target $1.05199, stop loss at $1.04023 for risk management.

The EUR/USD pair is trading at $1.04566, posting a modest gain of +0.01% as traders assess the dollar’s next move amid shifting macroeconomic conditions.

The pivot point at $1.04551 is the key inflection level—holding above this keeps the short-term bullish case intact, while a sustained drop below could invite further weakness.

On the upside, immediate resistance stands at $1.05205, with a break above potentially paving the way toward $1.05563 and further extension toward $1.05920 if bullish momentum strengthens.

On the downside, support at $1.03922 serves as the first line of defense; if breached, it could accelerate selling pressure toward $1.03321, with $1.02854 acting as a deeper floor.

Technical indicators show a mixed picture. The 50-EMA at $1.04033 is trending slightly below price action, reinforcing a near-term bullish tilt.

However, the broader trend remains fragile, with the euro still struggling to decisively break resistance zones. A failure to maintain above the pivot point could see renewed pressure on the pair, especially if the dollar gains strength.

For traders, a buy entry above $1.04405 offers an opportunity, with a take-profit target at $1.05199 while keeping a stop loss at $1.04023 to manage downside risk.

The euro’s next move hinges on whether it can maintain support and challenge resistance levels. Short-term upside remains intact, but a break below $1.04551 could shift momentum back in favor of the bears.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.04405

Take Profit – 1.05199

Stop Loss – 1.04023

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$794/ -$382

Profit & Loss Per Mini Lot = +$79/ -$38

Daily Price Outlook

- Bullish bias holds above $2,912.88, with key resistance at $2,939.98 and a breakout potential toward $2,962.85.

- 50-EMA at $2,902.25 suggests underlying strength, but a drop below $2,893.87 may shift momentum bearish.

- Trading setup: Buy above $2,913, target $2,939, stop loss at $2,893 for risk management.

Gold is trading at $2,933.25, edging up +0.01% as investors assess the next directional move. The metal remains within a well-defined range, with $2,912.88 acting as a pivotal level.

Staying above this level keeps the bullish case intact, with buyers eyeing $2,939.98 as the next hurdle. A breakout above this resistance could pave the way for a move toward $2,962.85, with an extended push targeting $2,985.02.

On the downside, immediate support at $2,893.87 is crucial—if this level gives way, expect increased selling pressure toward $2,877.33, followed by $2,853.75 as a deeper floor.

The 50-EMA at $2,902.25 is catching up to price action, signaling that bulls are maintaining control. However, failure to sustain above the pivot at $2,912.88 could shift momentum in favor of the bears.

From a trade setup perspective, buyers may find an opportunity above $2,913, with a target of $2,939 while keeping a stop loss at $2,893 to manage downside risk.

Gold’s resilience hinges on how it interacts with resistance zones, as a sustained break above could invite fresh buying interest. Conversely, slipping below $2,893.87 may accelerate bearish momentum, pressuring prices lower.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2913

Take Profit – 2939

Stop Loss – 2893

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2600/ -$2000

Profit & Loss Per Mini Lot = +$260/ -$200

Daily Price Outlook

- Bullish bias remains above $1.25906, with resistance at $1.26667 and a breakout potential toward $1.27128.

- 50-EMA at $1.24963 suggests underlying support, but a drop below $1.25209 may invite further selling pressure.

- Trade setup: Buy above $1.25899, target $1.26677, stop loss at $1.25537 for risk management.

The GBP/USD pair is trading at $1.26222, dipping -0.01%, as markets remain cautious amid shifting sentiment around the U.S. dollar.

The pair is hovering just above its pivot point at $1.25906, which serves as a crucial level—holding above this keeps the short-term bullish case intact, while a break lower could shift momentum back in favor of sellers.

On the upside, immediate resistance stands at $1.26667, and a breakout above this level could push the pair toward $1.27128, with an extended move targeting $1.27569 if bullish momentum builds.

However, if the pound fails to sustain its footing, support at $1.25209 could be tested. A breach below this level would expose the next downside targets at $1.24528 and $1.23883, where buyers may look to re-enter.

From a technical perspective, the 50-EMA at $1.24963 remains below the current price, reinforcing near-term bullish sentiment.

The overall trend, however, is delicate, with traders closely watching whether the pound can hold above the pivot zone. The broader picture suggests that while buyers have an edge, a failure to clear resistance levels could invite renewed selling pressure.

For traders, a buy entry above $1.25899 appears favorable, with a take-profit target at $1.26677, while a stop loss at $1.25537 helps mitigate downside risk.

The pound’s next directional move hinges on its ability to sustain above $1.25906, as a failure to do so may trigger increased volatility.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.25899

Take Profit – 1.26677

Stop Loss – 1.25537

Risk to Reward – 1: 2.1

Profit & Loss Per Standard Lot = +$778/ -$362

Profit & Loss Per Mini Lot = +$77/ -$36

Daily Price Outlook

- AUD/USD holds above the pivot at $0.63343, with the 50-day EMA providing dynamic support.

- Immediate resistance at $0.63744; a breakout could push prices toward $0.64324.

- A drop below $0.63067 may accelerate losses toward $0.62703 and $0.62331.

The Australian dollar (AUD/USD) is trading at $0.63550, maintaining a neutral stance as traders assess key support and resistance levels. The pair is holding above the pivot point at $0.63343, suggesting a slight bullish bias, reinforced by the 50-day EMA at $0.63214 acting as a dynamic support level.

Immediate resistance is seen at $0.63744, followed by $0.64057 and $0.64324. A breakout above these levels could trigger fresh buying momentum, pushing the pair toward the next key technical zones.

On the downside, immediate support is located at $0.63067, with further cushions at $0.62703 and $0.62331. A break below these support levels could indicate a shift in sentiment, leading to deeper losses.

From a technical perspective, AUD/USD remains in a consolidative phase, oscillating between well-defined support and resistance levels.

A decisive move above $0.63744 could confirm a bullish breakout, potentially attracting buyers targeting $0.64057 and beyond. Conversely, if sellers regain control and push the price below $0.63067, the pair may enter a more pronounced downtrend.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.63345

Take Profit – 0.63865

Stop Loss – 0.63067

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$520/ -$278

Profit & Loss Per Mini Lot = +$52/ -$27

Daily Price Outlook

- USD/CAD trades near its pivot at $1.41803, signaling indecision in the market.

- Immediate resistance at $1.42450; a breakout could push prices toward $1.43035 and $1.43614.

- A drop below $1.41257 may accelerate losses toward $1.40774 and $1.40203.

The USD/CAD pair is trading at $1.42072, edging lower by 0.01% as traders assess key technical levels. The pair is hovering near its pivot point at $1.41803, suggesting a neutral to slightly bullish bias in the near term.

The 50-day EMA at $1.42724 is acting as overhead resistance, capping upside potential, while immediate support at $1.41257 remains intact.

On the upside, a break above $1.42450 could signal further gains, targeting resistance at $1.43035 and potentially extending toward $1.43614 if bullish momentum persists.

Conversely, a drop below $1.41257 may expose USD/CAD to further downside risks, with the next key supports at $1.40774 and $1.40203.

From a technical standpoint, the market remains in a consolidation phase, oscillating between well-defined support and resistance levels.

A decisive breakout above $1.42450 could confirm bullish momentum, while failure to hold above $1.41803 may tilt the bias in favor of sellers.

The 50-day EMA at $1.42724 serves as a key barrier, with a sustained break above it needed for a more definitive bullish confirmation.

Given the current setup, traders should watch for a breakout confirmation above resistance or a move below support to establish the next directional trend.

With USD/CAD trading near its pivot level, price action in the coming sessions will likely dictate market sentiment.

USD/CAD - Trade Ideas

Entry Price – Buy Above 1.41807

Take Profit – 1.42663

Stop Loss – 1.41251

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$856/ -$556

Profit & Loss Per Mini Lot = +$85/ -$55

Daily Price Outlook

- Bullish above $1.04838 – Targeting $1.05406, with a stop-loss at $1.04457.

- Resistance at $1.05205 – A breakout could push EUR/USD toward $1.05563 and $1.05920.

- Support at $1.04453 – A decline below this level may trigger a drop toward $1.03920 and $1.03519.

The EUR/USD pair is trading at $1.04929, holding just above the pivot point at $1.04832, signaling a potential continuation of its modest bullish momentum. The immediate resistance stands at $1.05205, with a breakout above this level opening the door to $1.05563 and $1.05920.

On the downside, immediate support is found at $1.04453, followed by deeper support levels at $1.03920 and $1.03519. A failure to hold above $1.04453 could shift sentiment toward the bearish side, potentially leading to further losses.

The 50-day EMA at $1.04138 is currently acting as dynamic support, reinforcing the case for further upside if EUR/USD remains above this level. A buying opportunity is present above $1.04838, with a target set at $1.05406 and a stop-loss at $1.04457.

The short-term trend remains cautiously bullish, but traders should watch for a break above $1.05205, as this could accelerate gains toward the next key resistance levels.

Conversely, a drop below the pivot point of $1.04832 could expose the pair to renewed selling pressure, particularly if upcoming economic data or central bank commentary shifts investor sentiment.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.04838

Take Profit – 1.05406

Stop Loss – 1.04457

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$568/ -$381

Profit & Loss Per Mini Lot = +$56/ -$38

Daily Price Outlook

- Resistance at $2,935.54 – A breakout could push gold toward $2,954.97 and $2,970.84.

- Support at $2,853.43 – A drop below this level may trigger further declines toward $2,834.27.

- Buy above $2,887 – Targeting $2,920 with a stop loss at $2,872 for short-term positioning.

Gold (XAU/USD) is consolidating around $2,900, struggling to gain momentum as it trades near its key pivot point at $2,919.39.

The metal’s short-term price action remains uncertain, with traders eyeing crucial resistance and support levels. A break above $2,935.54 could trigger fresh buying interest, potentially pushing prices toward the next resistance levels at $2,954.97 and $2,970.84.

On the downside, immediate support is seen at $2,853.43. If gold breaches this level, further declines toward $2,834.27 and $2,811.56 may follow. The 50-day EMA at $2,906.38 is acting as dynamic support, keeping gold within a tight range.

The 4-hour chart suggests gold remains in a consolidation phase, with buyers defending the $2,887 level while sellers cap gains near $2,920. The market's next major move hinges on whether gold can break out of this tight range. A buy entry above $2,887 with a target of $2,920 and a stop loss at $2,872 could provide a strategic trade setup.

Gold’s technical outlook remains bullish above $2,887, but failure to hold support could accelerate selling pressure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2887

Take Profit – 2920

Stop Loss – 2872

Risk to Reward – 1: 2.2

Profit & Loss Per Standard Lot = +$3300/ -$1500

Profit & Loss Per Mini Lot = +$330/ -$150

Daily Price Outlook

- Bullish above $1.25793 – Targeting $1.26303, with a stop-loss at $1.25488.

- Resistance at $1.26310 – A breakout could push GBP/USD toward $1.26667 and $1.27037.

- Support at $1.25498 – A drop below this level may trigger further downside toward $1.25104 and $1.24765.

GBP/USD is hovering around $1.25960, showing signs of consolidation after a recent pullback. The pair is trading just above its pivot point at $1.25795, which serves as a critical level for determining near-term direction.

Immediate resistance stands at $1.26310, and a breakout above this level could drive bullish momentum toward the next resistance zones at $1.26667 and $1.27037.

On the downside, immediate support is seen at $1.25498, followed by key levels at $1.25104 and $1.24765. A failure to hold above $1.25498 could accelerate selling pressure, potentially triggering a deeper correction.

The 50-day EMA at $1.24956 suggests that the broader trend remains supported, as the moving average aligns closely with key support levels. If buyers maintain control above the $1.25793 entry point, a move toward $1.26303 appears likely, making it a strategic buy opportunity with a stop loss at $1.25488.

From a technical perspective, GBP/USD is positioned for a potential breakout if it maintains strength above the pivot point of $1.25795.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.25793

Take Profit – 1.26303

Stop Loss – 1.25488

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$510/ -$305

Profit & Loss Per Mini Lot = +$51/ -$30

Daily Price Outlook

- Key Resistance: 1.04927 – Breakout could target 1.05326.

- Key Support: 1.03916 – A break below may accelerate declines.

- Outlook: Bullish above 1.04371; target set at 1.04939.

The EUR/USD pair is trading at 1.04560, down 0.01%, as the euro faces renewed pressure amid mixed macroeconomic signals. The pair continues to consolidate near its pivot point of 1.04369, suggesting a period of indecision for traders.

Technically, the pair remains above the 50-day EMA, currently at 1.03703, indicating underlying bullish potential. Immediate resistance is observed at 1.04927, with further targets at 1.05326 and 1.05696 if upward momentum strengthens.

A clear break above 1.04927 could attract fresh buying interest and shift the short-term outlook to bullish.

On the downside, immediate support lies at 1.03916, followed by 1.03452. A drop below these levels could expose the pair to further losses, with the next key support at 1.02963. The Relative Strength Index (RSI) remains neutral, hinting at possible volatility if the pair approaches the 1.04369 pivot.

Fundamentally, the euro remains vulnerable to external economic factors, including the Federal Reserve's cautious stance on rate adjustments and ongoing geopolitical uncertainties.

The latest PPI figures in the U.S. came in hotter than expected, reinforcing the Fed’s hawkish narrative and giving the dollar a slight edge. Meanwhile, investors are closely monitoring European inflation data due later this week, which could provide further direction.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.04371

Take Profit – 1.04939

Stop Loss – 1.03990

Risk to Reward – 1:1.49

Profit & Loss Per Standard Lot = +$568/ -$381

Profit & Loss Per Mini Lot = +$56/ -$38

Daily Price Outlook

- Key Resistance: 6128; Breakout may push toward 6171.

- Key Support: 6049; Decline below could accelerate selling.

- Outlook: Bullish above 6094, with a target at 6163.

The S&P 500 (SPX) is trading at 6115.08, up 0.01%, as the index continues to hover near record highs despite mixed economic signals.

The benchmark remains supported above its pivot point of 6093.87, indicating a positive underlying trend.

From a technical perspective, the index maintains its position above the 50-day EMA at 6054.58, suggesting sustained bullish sentiment. Immediate resistance is seen at 6128.99, with a potential move toward 6171.70 if the index breaks through.

A successful climb beyond this level could open the path toward 6219.27, marking a new high for the year.

On the downside, immediate support rests at 6049.53, with subsequent levels at 6008.89 and 5969.55. A drop below the 6049 mark may trigger profit-taking and shift sentiment toward the bearish side.

The Relative Strength Index (RSI) indicates neutral territory, suggesting room for further gains if buying pressure intensifies.

Fundamental factors also contribute to the cautious optimism, with strong corporate earnings providing support despite concerns about inflation and potential interest rate adjustments.

Recent PPI data showed a modest uptick, reinforcing the Fed’s cautious stance on rate cuts, which investors are closely monitoring.

S&P 500 - Trade Ideas

Entry Price – Buy Above 6094

Take Profit – 6163

Stop Loss – 6049

Risk to Reward – 1:1.5

Profit & Loss Per Standard Lot = +$690/ -$450

Profit & Loss Per Mini Lot = +$69/ -$45