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

Daily Price Outlook

- Bearish sentiment dominates below the pivot at $1.08553, targeting $1.08152 and $1.07895.

- The 50-day EMA at $1.08972 acts as key resistance, limiting any short-term upside.

- Entry Price: Sell below $1.08544, with a take profit at $1.08152 and stop loss at $1.08820.

The EUR/USD pair is trading at $1.08355, showing minimal movement as traders assess market conditions. The pair has been struggling to gain momentum, hovering below the 50-day EMA at $1.08972, which continues to act as dynamic resistance.

The pivot point at $1.08553 serves as an inflection level for today’s session, indicating that bearish momentum may persist if the pair remains below this threshold.

Immediate resistance is located at $1.08838, with further hurdles at $1.09177 and $1.09516. A break above these levels could trigger fresh buying interest, but current sentiment remains cautious due to renewed strength in the U.S. dollar, supported by a hawkish Federal Reserve stance.

On the downside, immediate support rests at $1.08152, followed by $1.07895 and $1.07656. A sustained move below $1.08553 would confirm a bearish bias, pushing the pair toward these lower levels.

If sellers maintain control, EUR/USD could face extended downside pressure, with the 50-day EMA reinforcing resistance around $1.08972.

Traders should monitor $1.08544 as a key level, with selling opportunities below this price targeting $1.08152, while upside breakouts remain capped near $1.08838.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08544

Take Profit – 1.08152

Stop Loss – 1.08820

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$392/ -$276

Profit & Loss Per Mini Lot = +$39/ -$27