EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD must stay above $1.08848 to maintain a bullish bias, with resistance at $1.09488 acting as the next key barrier.
- The 50-day EMA at $1.08492 is a critical support level—a break below could shift momentum toward $1.07700.
- A buy strategy above $1.08848 with take-profit at $1.09542 and stop-loss at $1.08449 aligns with the current bullish sentiment.
The EUR/USD pair is trading at $1.09041, maintaining a neutral stance as investors await fresh economic catalysts.
The pivot point at $1.08848 serves as a crucial threshold, with the pair needing to hold above this level to sustain bullish momentum.
The 50-day EMA at $1.08492 provides further support, reinforcing the short-term upward trend.
On the upside, immediate resistance sits at $1.09488, followed by $1.10045 and $1.10602. A breakout above $1.09488 could push the pair toward the psychological $1.10 level, which, if breached, may lead to further gains. However, failure to clear this resistance zone may keep the pair in consolidation mode.
Support levels are $1.08374, $1.07700, and $1.07151. A move below $1.08374 would signal increased selling pressure, potentially triggering a deeper pullback toward the $1.07700 handle.
The 50-day EMA at $1.08492 is a key technical floor—if breached, it could accelerate downside momentum.
Given the current setup, a buy position above $1.08848 is favored, targeting $1.09542 for profit, while maintaining a stop-loss at $1.08449 to protect against downside risks.
The short-term outlook hinges on upcoming economic data, particularly U.S. inflation figures and European Central Bank signals, which could drive volatility.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.08848
Take Profit – 1.09542
Stop Loss – 1.08449
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$694/ -$399
Profit & Loss Per Mini Lot = +$69/ -$39
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