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

Daily Price Outlook

- Pivot Level: Bearish bias persists below $1.02487; upside limited by resistance at $1.03198.

- Key Support: Immediate support at $1.01664; further levels at $1.01118 and $1.00691.

- Indicators: RSI suggests limited momentum; 50 EMA at $1.03232 confirms downward trend.

The EUR/USD pair is trading at $1.02137, down 0.26% on the day, reflecting bearish momentum as the dollar strengthens. On the 4-hour chart, the pivot point at $1.02487 serves as a crucial threshold for the pair’s short-term direction.

A sustained break below this level could push prices toward immediate support at $1.01664, with further downside targets at $1.01118 and $1.00691.

Resistance levels remain intact at $1.03198, $1.03632, and $1.04534. Notably, the 50-day EMA at $1.03232 highlights a bearish bias, with prices trading consistently below this average.

The RSI confirms downward momentum, although it is nearing oversold territory, which could signal a potential short-term consolidation.

The recommended strategy is to enter short positions below $1.02478, targeting $1.01656 while managing risk with a stop-loss at $1.02947.

A decisive break below $1.01664 could trigger an accelerated bearish move, while a rebound above the pivot point might shift sentiment toward the resistance zones.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.02478

Take Profit – 1.01656

Stop Loss – 1.02947

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$822/ -$469

Profit & Loss Per Mini Lot = +$82/ -$46