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

Daily Price Outlook

- EUR/USD holds below pivot at $1.08058, maintaining a near-term bearish tone.

- A break below $1.07656 could expose $1.07214 and $1.06780 support zones.

- Short setup in play: Sell below $1.08056, targeting $1.07433, with stop at $1.08368.

The EUR/USD pair is trading at $1.07875, posting a slight gain of +0.02% in early European hours. Despite the modest uptick, the currency remains below its pivot point at $1.08058, signaling that bearish sentiment still lingers as price action struggles to gain upside traction.

The 4-hour chart shows price comfortably beneath the 50-period EMA at $1.08608, further reinforcing near-term downside pressure.

Immediate resistance is located at $1.08544, aligning closely with the 50 EMA, followed by additional barriers at $1.08841 and $1.09177. Bulls would need a decisive break above these levels to reassert control, but current momentum indicators suggest a lack of conviction from buyers.

On the downside, $1.07656 serves as immediate support, followed by $1.07214 and $1.06780, levels that could come into play if selling accelerates below the pivot.

Given the current technical structure, a short bias remains favored below $1.08056, with a tactical sell setup targeting $1.07433, and a stop loss positioned at $1.08368 to manage risk. RSI and MACD indicators lean neutral to slightly bearish, with no clear signs of reversal yet.

In summary, while price hovers just below key resistance, the path of least resistance appears to favor sellers unless buyers reclaim ground above the $1.085 level with conviction.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08056

Take Profit – 1.07433

Stop Loss – 1.08368

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$623/ -$312

Profit & Loss Per Mini Lot = +$62/ -$31