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

Daily Price Outlook

- EUR/USD remains bearish below $1.09505, with support at $1.09015 and $1.08735 in focus.

- 50-day EMA at $1.08945 is acting as a key support level, with a break below accelerating losses.

- A move above $1.09710 could trigger a rebound, but broader sentiment remains cautious.

EUR/USD is trading around $1.09246, slightly lower as the pair struggles to maintain upward momentum. The currency pair remains under pressure after failing to hold above its $1.09505 pivot point.

Immediate resistance stands at $1.09710, while a move beyond $1.09922 could pave the way for a test of $1.10130. However, with the euro showing signs of exhaustion, upside potential appears limited.

On the downside, $1.09015 serves as immediate support, followed by $1.08735 and $1.08472 if selling pressure intensifies. The 50-day EMA at $1.08945 is offering a dynamic support zone, but a break below this level could accelerate bearish momentum.

The pair is currently facing headwinds from shifting interest rate expectations in both the U.S. and Eurozone. The Federal Reserve’s cautious approach toward rate cuts, combined with stronger-than-expected U.S. economic data, has kept the dollar resilient.

Meanwhile, European Central Bank policymakers have signaled a potential easing cycle later in the year, keeping the euro subdued.

Traders should watch for a break below $1.09505, which could confirm further downside toward $1.09015 and $1.08735.

Conversely, a push above $1.09710 may trigger a short-term rally, but with macroeconomic uncertainty weighing on sentiment, sustained gains could be limited.

For now, EUR/USD remains vulnerable to further downside pressure. If the pair breaches $1.09015, expect sellers to gain control, potentially driving prices toward $1.08735 in the near term.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.09507

Take Profit – 1.09019

Stop Loss – 1.09704

Risk to Reward – 1: 2.4

Profit & Loss Per Standard Lot = +$488/ -$197

Profit & Loss Per Mini Lot = +$48/ -$19