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

Daily Price Outlook

- Pivot Point: $1.04430 is the critical level; bearish below this, bullish above.

- Support Levels: Immediate support at $1.03843, followed by $1.03430 and $1.03003.

- Resistance Levels: Key resistance at $1.04753, $1.05029, and $1.05453 limits upward momentum.

EUR/USD is trading at $1.04223, up 0.03% in the latest session, reflecting mild bullish sentiment as the pair hovers just below its pivot point at $1.04430. This level serves as a critical juncture for directional movement.

A sustained move below the pivot suggests bearish momentum, with immediate support at $1.03843 and further downside targets at $1.03430 and $1.03003.

Resistance levels are clustered at $1.04753, $1.05029, and $1.05453, forming a significant barrier for any upward movement.

The Relative Strength Index (RSI) at 54 indicates neutral to slightly bullish momentum, with no signs of overbought conditions. Meanwhile, the pair is trading slightly above the 50 EMA, which sits at $1.04117, signaling modest support for short-term gains.

The 4-hour chart reveals consolidation near the pivot point, suggesting indecision among traders. A sell strategy below $1.04427 with a target of $1.03836 and a stop loss at $1.04752 aligns with current technical trends.

However, a decisive breakout above $1.04430 could pave the way for testing the resistance at $1.04753. Market participants should remain vigilant as the pair navigates this critical zone, with key U.S. data releases likely to shape sentiment.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.04427

Take Profit – 1.03836

Stop Loss – 1.04752

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$591/ -$325

Profit & Loss Per Mini Lot = +$59/ -$32