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

Daily Price Outlook

- Bullish above $1.04838 – Targeting $1.05406, with a stop-loss at $1.04457.

- Resistance at $1.05205 – A breakout could push EUR/USD toward $1.05563 and $1.05920.

- Support at $1.04453 – A decline below this level may trigger a drop toward $1.03920 and $1.03519.

The EUR/USD pair is trading at $1.04929, holding just above the pivot point at $1.04832, signaling a potential continuation of its modest bullish momentum. The immediate resistance stands at $1.05205, with a breakout above this level opening the door to $1.05563 and $1.05920.

On the downside, immediate support is found at $1.04453, followed by deeper support levels at $1.03920 and $1.03519. A failure to hold above $1.04453 could shift sentiment toward the bearish side, potentially leading to further losses.

The 50-day EMA at $1.04138 is currently acting as dynamic support, reinforcing the case for further upside if EUR/USD remains above this level. A buying opportunity is present above $1.04838, with a target set at $1.05406 and a stop-loss at $1.04457.

The short-term trend remains cautiously bullish, but traders should watch for a break above $1.05205, as this could accelerate gains toward the next key resistance levels.

Conversely, a drop below the pivot point of $1.04832 could expose the pair to renewed selling pressure, particularly if upcoming economic data or central bank commentary shifts investor sentiment.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.04838

Take Profit – 1.05406

Stop Loss – 1.04457

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$568/ -$381

Profit & Loss Per Mini Lot = +$56/ -$38