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

Daily Price Outlook

- EUR/USD holds firm above $1.1013, maintaining bullish structure

- RSI above 70 signals strong buying, though overbought

- Price target remains $1.1220, with support at $1.0893

The EUR/USD pair is advancing firmly, trading around $1.1062 after clearing the key psychological resistance at $1.1013. This breakout has reinforced bullish momentum, aided by a strong RSI reading of 72.24, which reflects overbought conditions but also sustained demand.

The pair is comfortably positioned above the 50-day SMA at $1.0626, with price action trending well within an ascending channel.

Immediate resistance is seen at $1.1147, with bulls eyeing extended targets at $1.1220 and $1.1286. On the downside, a break below $1.1013 would shift focus to $1.0943 and $1.0893, while $1.0783 serves as a deeper support level. Despite overbought RSI, the bullish structure remains intact unless $1.1013 is breached to the downside.

As long as EUR/USD holds above its pivot, momentum favors continued upside—particularly if macro data supports the euro or weakens the dollar.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.10127

Take Profit – 1.12214

Stop Loss – 1.08934

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2087/ -$1193

Profit & Loss Per Mini Lot = +$208/ -$119