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

Daily Price Outlook

- EUR/USD remains under pressure, with the 50-day EMA at $1.03680 acting as resistance.

- Breakout above $1.03520 could shift momentum, targeting $1.04092 and $1.04415.

- Failure to hold $1.02986 may trigger further downside toward $1.02467 and $1.02097.

The EUR/USD pair is trading at $1.03197, down 0.01%, as it consolidates within a narrow range following recent volatility.

The 50-day Exponential Moving Average (EMA) at $1.03680 remains a key resistance level, capping upside momentum and reinforcing the broader bearish sentiment. The currency pair remains under pressure, with traders closely monitoring key support and resistance levels to gauge potential breakouts.

The pivot point at $1.02986 serves as an essential level—staying above it keeps bullish momentum in play, while a break below could invite increased selling pressure.

Immediate resistance stands at $1.03520, followed by $1.04092 and $1.04415. A breakout above these levels could signal a shift toward a stronger bullish trend, particularly if the U.S. dollar weakens amid shifting macroeconomic conditions.

On the downside, immediate support is at $1.02467, with further declines targeting $1.02097 and $1.01740. A drop below these levels could intensify selling pressure, reinforcing the prevailing downtrend. However, if EUR/USD maintains strength above $1.02986, buyers could regain control, pushing the pair higher in the short term.

Traders should watch for a potential long position above $1.02986, with a target of $1.03520 and a stop loss at $1.02652. A confirmed break above resistance could lead to extended gains, while a failure to hold support may trigger deeper losses.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.02986

Take Profit – 1.03520

Stop Loss – 1.02652

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$534/ -$334

Profit & Loss Per Mini Lot = +$53/ -$33