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

Daily Price Outlook

- EUR/USD trades well above the 50 EMA, maintaining bullish strength

- RSI near 70 warns of potential short-term pullback

- Key breakout above $1.13960 opens the door to $1.14895 and $1.15533 targets

The euro continues its strong upward trajectory against the dollar, trading around $1.14158 after breaking above the psychological $1.13960 pivot. The bullish trend remains intact, supported by a steep ascending structure and consistent higher highs. Price action has extended well beyond the 50 EMA ($1.10505), underlining bullish dominance.

Immediate resistance lies at $1.14661, and a break above could expose $1.14895, the next logical technical target. Beyond that, $1.15533 becomes relevant based on the 2.618 Fibonacci extension.

On the downside, $1.13330 serves as immediate support, followed by $1.13015 and $1.12505. The Relative Strength Index at 70.50 suggests momentum remains elevated, though near-term exhaustion is possible. Traders should monitor potential profit-taking around $1.14895.

The bullish setup remains favorable as long as EUR/USD holds above $1.13960. A confirmed break above resistance could fuel further upside, but overbought signals may prompt a brief pause or consolidation.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.13960

Take Profit – 1.14895

Stop Loss – 1.13330

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$935/ -$630

Profit & Loss Per Mini Lot = +$93/ -$63