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

Daily Price Outlook

- EUR/USD struggles near $1.03887, with resistance at $1.04291 and $1.04667.

- 50-day EMA at $1.04290 acts as a key resistance level.

- Break below $1.03413 may lead to further downside toward $1.03069.

EUR/USD is consolidating near $1.03889, struggling to gain traction after recent downside pressure. The pair is hovering around the pivot point at $1.03887, acting as a key battleground for bulls and bears.

Immediate resistance is at $1.04291, with further hurdles at $1.04667 and $1.05118. A break above these levels could strengthen bullish sentiment and push EUR/USD toward fresh highs.

On the downside, immediate support is at $1.03413, with stronger levels at $1.03069 and $1.02665. A break below $1.03413 could accelerate selling pressure, reinforcing the bearish outlook. The 50-day EMA at $1.04290 is acting as a dynamic resistance level, limiting upside potential.

Technically, the pair remains in a cautious stance, with buyers attempting to hold ground above $1.03819. A move above this level could trigger a retest of $1.04291, aligning with the 50-day EMA. However, failure to sustain above the pivot point may push the pair lower, bringing critical support levels into focus.

The outlook remains neutral-to-bullish as long as EUR/USD holds above $1.03819. A decisive break above $1.04291 could shift momentum in favor of the bulls, while a dip below $1.03413 would reinforce a bearish bias, signaling further declines.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.03819

Take Profit – 1.04291

Stop Loss – 1.03524

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$472/ -$295

Profit & Loss Per Mini Lot = +$47/ -$29