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