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

Daily Price Outlook

- Immediate resistance at $1.04424; next levels: $1.05287 and $1.06035.

- Support levels include $1.02884, $1.02240, and $1.01664.

- RSI at 48 and 50 EMA at $1.03718 signal neutral momentum, with potential for breakout moves.

EUR/USD is trading at $1.3539, up 0.14% for the day, maintaining a steady trajectory around its pivot point of $1.03731.

The 4-hour chart highlights immediate resistance at $1.04424, with subsequent levels at $1.05287 and $1.06035, reflecting potential targets if the pair gains momentum.

Immediate support lies at $1.02884, with additional key levels at $1.02240 and $1.01664, which serve as critical zones for bearish activity.

The RSI at 48 indicates neutral momentum, reflecting a balanced market sentiment. The 50 EMA, currently at $1.03718, aligns closely with the pivot point, signaling its importance as a dynamic support-resistance zone.

A break below $1.03725 could trigger selling pressure, targeting support at $1.02850. On the other hand, a sustained move above $1.04424 may pave the way for bullish moves toward higher resistance levels.

Traders are advised to consider short positions below $1.03725, with a take-profit target at $1.02850 and a stop-loss at $1.04208.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.03725

Take Profit – 1.02850

Stop Loss – 1.04208

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$875/ -$483

Profit & Loss Per Mini Lot = +$87/ -$48