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

Daily Price Outlook

- EUR/USD remains bearish below the $1.08058 pivot, with immediate support at $1.07656.

- 50 EMA at $1.07942 reinforces downside pressure on intraday moves.

- A break below $1.07656 may open the door toward $1.07214 and $1.06790.

The EUR/USD pair is trading modestly lower at $1.07870, down 0.01% as the euro struggles to regain footing amid mixed technical signals and cautious market sentiment.

Price action remains below the pivot point at $1.08058, indicating a short-term bearish bias while the pair hovers just under the 50-period EMA at $1.07942.

The technical outlook suggests that euro bears are maintaining control for now, as the pair continues to drift within a descending channel on the 4-hour chart.

Immediate support is noted at $1.07656, a level that previously provided a short-term bounce. A sustained break below this could expose deeper support levels at $1.07214 and $1.06790.

On the upside, resistance stands at $1.08544, followed by $1.08841 and $1.09177—key areas that bulls would need to overcome to shift sentiment meaningfully.

Momentum indicators remain subdued, and without a catalyst to propel the euro above its pivot, sellers may continue to dominate.

The Relative Strength Index (RSI) remains neutral, giving neither side a definitive edge, but the broader structure favors downside as long as EUR/USD remains capped below the $1.08058 threshold.

From a tactical standpoint, a short position below $1.08052 may offer a favorable setup, with targets at $1.07406 and a stop placed near $1.08364.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08052

Take Profit – 1.07406

Stop Loss – 1.08364

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$646/ -$312

Profit & Loss Per Mini Lot = +$64/ -$31