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

Daily Price Outlook

- Bearish bias remains below $1.08844, targeting $1.08297 and $1.07966 as next support levels.

- 50-day EMA at $1.08839 is a critical resistance—failure to reclaim it could drive further declines.

- Entry Price: Sell Below $1.08847 | Target: $1.08286 | Stop Loss: $1.09145.

EUR/USD is trading at $1.08763, holding steady but slightly pressured below the $1.08844 pivot point. The pair is consolidating in a narrow range as traders await key economic cues, with immediate resistance at $1.09314 and support at $1.08297.

The 50-day EMA at $1.08839 is acting as a dynamic barrier, reinforcing a potential bearish outlook if price action fails to reclaim higher levels.

A break below $1.08844 could confirm downside pressure, with sellers eyeing the next support zones at $1.08297 and $1.07966.

A sharper decline could expose $1.07650, a level that aligns with previous demand zones. On the upside, if EUR/USD rebounds and breaks above $1.09314, bullish momentum could extend toward $1.09710 and $1.10065.

Traders should monitor $1.08844 closely. A sustained move below this level would reinforce selling momentum, while a recovery above $1.09314 could shift sentiment toward further gains.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08847

Take Profit – 1.08286

Stop Loss – 1.09145

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$561/ -$298

Profit & Loss Per Mini Lot = +$56/ -$29