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

Daily Price Outlook

- EUR/USD is holding just above breakout support at $1.0787.

- RSI rebound and trendline break hint at recovery potential.

- Entry confirmed above $1.0787, target set at $1.0848, stop at $1.0757.

EUR/USD is attempting to stabilize above the $1.0787 mark, a key level near the breakout zone of a descending channel that had previously capped upside momentum throughout March.

Price action is currently consolidating near the 50-period SMA, which sits at $1.0803, acting as dynamic resistance. The RSI has improved modestly to 47.96, suggesting neutral momentum with a slight bullish tilt as it creeps back toward the 50 line.

The pair recently bounced from a low of $1.0740, which held as a critical support area. A confirmed break above the $1.0787 pivot opens the door toward $1.0848—yesterday’s high and the next major resistance.

The short-term structure shows buyers gradually reclaiming lost ground, but sustained bullish momentum requires a clean move above the 50-SMA and break of the recent high.

On the downside, $1.0784 acts as immediate support, followed by the stop-loss buffer at $1.0757 and a more significant support zone at $1.0733. Any breach below these levels would signal weakness and could reignite bearish pressure.

The EUR/USD outlook remains cautiously bullish if price sustains above $1.0787. A break higher could expose $1.0848, while failure risks another dip toward $1.0757.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.07877

Take Profit – 1.08485

Stop Loss – 1.07579

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$608/ -$298

Profit & Loss Per Mini Lot = +$60/ -$29