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

Daily Price Outlook

- EUR/USD remains under pressure, struggling below the $1.03879 pivot.

- Support at $1.03383 is key; a break below could accelerate declines.

- 50-day EMA at $1.03549 confirms a bearish trend, limiting upside potential.

The EUR/USD pair is trading at $1.03746, down 0.08%, as the euro struggles to gain traction against a resilient U.S. dollar. Market sentiment remains cautious ahead of key economic data, with traders assessing the Federal Reserve’s rate trajectory and broader macroeconomic trends.

The pivot point at $1.03879 is a critical threshold for price action. If EUR/USD remains below this level, downside pressure is likely to persist. Immediate support is at $1.03383, with further declines potentially testing $1.02920 and $1.02467. A break below these levels would reinforce the bearish trend, increasing selling momentum.

On the upside, immediate resistance stands at $1.04339, followed by $1.04780 and $1.05222. If the pair manages to reclaim $1.03879, it could gain bullish traction, targeting these resistance levels. However, the broader trend remains weak, with selling pressure dominant below the pivot.

The 50-day EMA at $1.03549 suggests that EUR/USD is trading below key moving averages, reinforcing a bearish outlook. Short-term sentiment remains negative, with the pair struggling to gain upside momentum. If price action remains under $1.03879, further weakness is expected.

EUR/USD remains bearish below $1.03874, with a recommended sell entry at this level, targeting $1.03372 as a take-profit zone. A stop-loss at $1.04176 is advised to mitigate risk in case of a bullish reversal.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.03874

Take Profit – 1.03372

Stop Loss – 1.04176

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$502/ -$302

Profit & Loss Per Mini Lot = +$50/ -$30