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

Daily Price Outlook

- EUR/USD trades just above key support at $1.08049, holding a slight bullish tilt.

- 50-day EMA at $1.08802 caps upside; breakout above $1.08680 could fuel momentum.

- Entry strategy: Buy above $1.08169, target $1.08869, stop loss at $1.07734.

EUR/USD is trading slightly lower at $1.08457, down 0.02% on the day, as the pair navigates a tight range ahead of key U.S. economic data later this week.

Despite the marginal pullback, the euro remains above the pivotal support at $1.08049—a level that continues to attract buying interest and has helped stabilize recent price action.

Technically, the 4-hour chart reveals that EUR/USD is caught between its 50-day Exponential Moving Average (EMA) at $1.08802 and the pivot zone near $1.08049.

A clear move above the EMA could trigger fresh upside momentum toward immediate resistance at $1.08680, followed by $1.09177 and $1.09516.

These levels correspond to recent consolidation zones and would likely require increased volume to break decisively.

On the downside, should the pair slip below $1.08049, initial support rests at $1.07656, with deeper floors at $1.07214 and $1.06780. A breach below $1.07656 would indicate waning bullish control and potentially invite additional selling pressure.

As long as the pair holds above $1.08049, the near-term bias remains slightly bullish—but momentum is fragile and driven by upcoming data catalysts.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08169

Take Profit – 1.08869

Stop Loss – 1.07734

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$700/ -$435

Profit & Loss Per Mini Lot = +$70/ -$43