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

Daily Price Outlook

- Triangle Pattern: Price consolidates near apex; breakout likely soon.

- Support Near 1.1344: Key level aligning with SMA and triangle base.

- Momentum Neutral-Bullish: RSI above 50, signaling mild buyer control.

EUR/USD continues to coil within a tightening symmetrical triangle, with price hovering around the 1.1370 level. This consolidation phase suggests a breakout is imminent, as the pair trades near converging trendlines while holding above the 50-period SMA at 1.1353. The structure remains neutral, but a dip to the 1.1344–1.1350 region may provide a buy-the-dip opportunity.

The 50-SMA has turned higher, offering support in line with the lower triangle boundary. The RSI is at 54.31, indicating balanced momentum with slight bullish bias. A bounce from the buy zone could trigger upside toward 1.1416, with further extension to 1.1427 if volume confirms.

Should price break below 1.1344, the setup weakens, and downside toward 1.1318 and potentially 1.1304 could follow. A confirmed breakout above triangle resistance, however, could validate a push toward the 1.1470 area in the coming sessions.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.13446

Take Profit – 1.14156

Stop Loss – 1.13183

Risk to Reward – 1: 2.5

Profit & Loss Per Standard Lot = +$710/ -$263

Profit & Loss Per Mini Lot = +$71/ -$26