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

Daily Price Outlook

- Rejection at Resistance: Price stalls at 1.1532, showing signs of a possible correction.

- Overbought RSI: Reading of 76 indicates stretched buying, favoring short-term pullback.

- Fibonacci Support: 1.1478 (38.2% level) is the first target on a downside move.

EUR/USD surged above key resistance near 1.1470, but the pair is now facing selling pressure just below 1.1533 — the recent high.

Price has rejected the upper trendline of the rising channel and is forming a potential bearish setup, especially if it closes below 1.1532. A retracement toward 1.1478 could be underway, aligned with the 0.382 Fibonacci support.

The RSI currently stands at 76.04, firmly in overbought territory. This suggests a short-term pullback is likely as bullish momentum cools off.

Meanwhile, the 50-period SMA at 1.1369 continues to trend upward, indicating the medium-term structure remains supportive of dips being bought — though some profit-taking is expected in the near term.

If the pair breaks below 1.1532, bearish confirmation could open the door to a correction toward 1.1478, with deeper support at 1.1459. A move above 1.1559 would invalidate the bearish view and resume the upward breakout toward 1.1598.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.15325

Take Profit – 1.14786

Stop Loss – 1.15598

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$539/ -$273

Profit & Loss Per Mini Lot = +$53/ -$27