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

Daily Price Outlook

- Breakout Confirmed: Price exits consolidation, moving above $1.1343 with bullish momentum.

- Support from Trendline and SMA: 50-period SMA at $1.1342 reinforces structure.

- Upside Target in View: Price could move toward $1.1427 if momentum holds.

EUR/USD has broken out of a symmetrical triangle pattern after consolidating below $1.1343 for several sessions. The breakout is supported by higher volume and firm bullish candles, pushing price above both the 50-period SMA and a descending trendline resistance. This shift in structure signals a bullish continuation toward the next resistance near $1.1427.

The 50-period Simple Moving Average (SMA), now at $1.1342, has turned upward and is offering early confirmation of trend reversal support. Price is trading decisively above this level, and short-term momentum is picking up.

The Relative Strength Index (RSI) is currently at 65.79, rising steadily but still below overbought territory. This suggests that the breakout is healthy, and further upside may be achievable before buyers begin to fade.

As long as the price remains above the $1.1343 breakout level, bullish pressure is likely to persist. The key upside target lies at $1.1427 — a level aligned with a prior rejection zone. On the downside, a fall below $1.1340 could shift short-term sentiment back to neutral, while a break below $1.1294 would invalidate the current setup.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.13433

Take Profit – 1.14270

Stop Loss – 1.12941

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$837/ -$492

Profit & Loss Per Mini Lot = +$83/ -$49