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
EUR/USD Price Analysis – April 04, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair failed to sustain its bullish rally and edged lower around the 1.0965 level.
However, the reason for its downward trend could be linked to the bullish US dollar, which making a rebound after a previous sell-off triggered by US President Donald Trump’s tariffs.
Moreover, traders seem cautious ahead of important economic data, including the March Nonfarm Payrolls (NFP) report and a speech by Federal Reserve (Fed) Chair Jerome Powell.
US Dollar Strengthens Amid Economic Data and Fed Rate Cut Expectations
On the US front, the US Dollar Index (DXY), which tracks the value of the US Dollar against six major currencies, has bounced back above the 102.00 level after falling to a six-month low near 101.25. This recovery highlights the strength of the USD, despite ongoing economic uncertainties, especially related to the trade war.
Economists predict that the US economy added 135,000 jobs in March, a slight decrease from the 151,000 in February.
Meanwhile, the unemployment rate is expected to stay steady at 4.1%, while average hourly earnings are expected to rise by 3.9% year-on-year, a slower pace compared to February's 4% increase.
While the labor market data is not expected to significantly change expectations for the Fed's monetary policy, inflation concerns continue to dominate investor focus.
However, the CME FedWatch tool shows that traders are increasingly predicting a rate cut at the Fed’s June meeting, driven by the impact of Trump’s tariffs.
The likelihood of the Fed keeping interest rates at 4.25%-4.50% has dropped to 65.8%, down from 81.5% a week earlier. This shift has fueled the recent strength of the USD, contributing to the EUR/USD pair’s pullback.
Euro Under Pressure Amid Tariff Concerns and ECB Policy Expectations
On the flip side, the Euro (EUR) is also under pressure, as investors expect Trump’s tariffs to negatively affect the Eurozone’s economic growth.
European Commission President Ursula von der Leyen warned that the consequences of the tariffs would be “dire” for millions of people worldwide, adding that the Eurozone is prepared to retaliate with countermeasures if negotiations with the US fail.
On top of tariff concerns, market expectations that the European Central Bank (ECB) will ease its monetary policy further in April have added to the EUR’s decline.
ECB officials believe that inflation driven by Trump’s tariffs is unlikely to persist, clearing the way for continued easing.
Meanwhile, German economic data is fueling concerns about the Eurozone’s economic health. The Federal Statistics Office reported that Germany’s factory orders remained flat in February, following a significant 5.5% decline in January.
This stagnation in Germany’s manufacturing sector suggests a lack of momentum, further weighing on the EUR.
EUR/USD – Technical Analysis
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.
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USD/JPY Price Analysis – April 03, 2025
Daily Price Outlook
The USD/JPY pair experienced strong downside pressure, falling to a nearly four-week low below the 146.00 mark during the early European session on Thursday.
However, the movement was driven by increased concerns about the global economic outlook, which led to a broader risk aversion in the markets.
As a result, investors sought safe-haven assets like the Japanese Yen (JPY), which strengthened, while the US Dollar (USD) weakened due to these heightened economic fears.
Global Risk Aversion and US Tariff Announcement Weigh on USD/JPY
However, the slump in the USD/JPY pair can largely be attributed to the heightened global risk aversion following US President Donald Trump’s announcement of sweeping reciprocal tariffs on imported goods.
These tariffs, which threaten to reshape the global trading system, sparked fears of a potential slowdown in global economic growth.
Therefore, the resulting negative market sentiment boosted demand for traditional safe-haven assets, with the Japanese Yen benefiting from this shift.
The JPY soared to a three-week high against the USD during the Asian session, as stock markets around the world plunged in reaction to the tariff news.
Monetary Policy Divergence Drives Demand for JPY Over USD
Another factor contributing to the USD/JPY decline is the growing gap between US and Japanese monetary policies. The Federal Reserve is expected to cut rates soon, fueled by concerns over the impact of tariffs on the US economy.
Meanwhile, the Bank of Japan (BoJ) is likely to continue raising rates due to persistent inflation, further narrowing the rate differential and boosting demand for the lower-yielding JPY.
US Dollar Weakens Amid Falling Treasury Yields and Growing Rate Cut Expectations
The broader market is shifting towards currencies that offer lower yields due to increased risk aversion. This has led to a sharp drop in US Treasury bond yields, with the yield on the 10-year US government bond falling to around 4.0%, its lowest point this year.
This change in the bond market has strengthened expectations that the Federal Reserve will start cutting interest rates again.
Investors are now betting on three 25-basis-point cuts by the end of the year. These expectations are mainly driven by concerns over a potential slowdown in the US economy, which has added more bearish pressure on the US dollar.
Therefore, the decline in US Treasury yields and rate cut expectations have weakened the USD, boosting demand for the JPY as a safe-haven asset, which has contributed to downward pressure on the USD/JPY pair.
Moving ahead, investors are now turning their attention to upcoming US economic data, including Weekly Initial Jobless Claims and the ISM Services PMI. While the latest US ADP report showed that private-sector employers added 155K jobs in March, the overall outlook remains cautious due to the tariff-related concerns.
USDJPY – Technical Analysis
The U.S. dollar is rebounding modestly against the Japanese yen after a sharp intraday sell-off that broke decisively below the rising channel structure.
The pair fell from above ¥149, slicing through key support at ¥148.095 and triggering a steep drop toward a local low near ¥146.80. The price now sits just above the buy-entry zone at ¥146.607, where dip buyers may attempt to regain short-term control.
Technical damage has been done with the break below the 50-period SMA at ¥149.457, shifting the short-term bias to bearish.
However, momentum indicators suggest the decline may be overextended. The RSI currently reads 30.60, indicating the pair has reached oversold territory. If ¥146.607 holds, a recovery toward ¥148.655 is possible, in line with the previously tested support-turned-resistance level.
Below ¥146.607, further downside could accelerate toward the stop loss zone at ¥145.654. A break of this level may expose deeper levels at ¥144.979 and ¥144.226.
Conversely, a bullish reversal above ¥148.095 would shift the tone, reopening the path toward the 50-SMA at ¥149.457. Entry above ¥146.607 favors a rebound toward ¥148.655. Stop loss placed at ¥145.654 to manage downside exposure.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD is holding just above breakout support at $1.0787.
- RSI rebound and trendline break hint at recovery potential.
- Entry confirmed above $1.0787, target set at $1.0848, stop at $1.0757.
EUR/USD is attempting to stabilize above the $1.0787 mark, a key level near the breakout zone of a descending channel that had previously capped upside momentum throughout March.
Price action is currently consolidating near the 50-period SMA, which sits at $1.0803, acting as dynamic resistance. The RSI has improved modestly to 47.96, suggesting neutral momentum with a slight bullish tilt as it creeps back toward the 50 line.
The pair recently bounced from a low of $1.0740, which held as a critical support area. A confirmed break above the $1.0787 pivot opens the door toward $1.0848—yesterday’s high and the next major resistance.
The short-term structure shows buyers gradually reclaiming lost ground, but sustained bullish momentum requires a clean move above the 50-SMA and break of the recent high.
On the downside, $1.0784 acts as immediate support, followed by the stop-loss buffer at $1.0757 and a more significant support zone at $1.0733. Any breach below these levels would signal weakness and could reignite bearish pressure.
The EUR/USD outlook remains cautiously bullish if price sustains above $1.0787. A break higher could expose $1.0848, while failure risks another dip toward $1.0757.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.07877
Take Profit – 1.08485
Stop Loss – 1.07579
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$608/ -$298
Profit & Loss Per Mini Lot = +$60/ -$29
EUR/USD Price Analysis – April 02, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair has slipped to 1.0809, fueled by increasing concerns about President Donald Trump’s proposed tariffs on the European Union (EU) and the Eurozone’s fragile economic outlook.
As these factors weigh heavily on the euro, traders are closely monitoring the situation for any new developments that could influence the currency pair’s direction.
Escalating Trade Tensions: EU Faces Potential Tariffs and Economic Impact
President Trump’s longstanding accusations against the EU for unfair trade practices have escalated into potential tariffs on European goods. The EU, already struggling economically, faces the threat of being one of the hardest-hit regions if these tariffs are imposed.
The Trump administration’s stance is based on the perception that the EU does not purchase enough American goods, and these tariffs could further strain an economy already grappling with stagnation.
Christine Lagarde, President of the European Central Bank (ECB), recently highlighted that the trade conflict could reduce Eurozone growth by 0.5%, signaling a significant challenge for the region.
In response, European Commission President Ursula von der Leyen confirmed that the EU would retaliate with countermeasures if necessary, adding to the uncertainty surrounding the situation.
Slower Inflation and Rate Cut Expectations Pushing the Euro Lower
In addition to the trade tensions, the Eurozone’s economic outlook is growing more pessimistic. Inflation data for March showed core consumer prices rising by just 2.4%, below the expected 2.5%, signaling weaker-than-anticipated price pressures.
This slowdown in inflation, compounded by sluggish economic growth, has raised expectations that the ECB may opt to cut interest rates in the near future to stimulate the economy.
Lagarde has indicated that the battle against inflation is nearly over, but the drop in price growth could indicate that the Eurozone’s recovery might take longer than previously expected.
This growing uncertainty is making traders cautious, further pressuring the euro as speculations about ECB actions continue to mount.
US Economic Data and Trade Worries Heighten Market Anxiety
Across the Atlantic, concerns over Trump’s tariffs are also casting a shadow on the US economy. There are fears that these tariffs could disrupt global business investment, especially as companies adjust to the increased costs and uncertainty.
Recent data, such as the ISM Manufacturing PMI, revealed a contraction in business activity in March, pointing to a slowdown in demand and production.
US Treasury Secretary Scott Bessent also warned that the tariffs could disproportionately affect trading partners, raising concerns that the US economy could suffer as well.
With the ADP Employment Change report for March expected to show a significant jump in jobs (105,000 compared to 77,000 in February), investors are eagerly awaiting these figures, which could offer further insight into the US economy’s resilience.
Therefore, the uncertainty surrounding Trump’s tariffs and the potential slowdown in the US economy could weigh on the US dollar, possibly leading to a weaker dollar and benefiting the EUR/USD pair, driving it higher.
EUR/USD – Technical Analysis
EUR/USD is attempting to stabilize above the $1.0787 mark, a key level near the breakout zone of a descending channel that had previously capped upside momentum throughout March.
Price action is currently consolidating near the 50-period SMA, which sits at $1.0803, acting as dynamic resistance. The RSI has improved modestly to 47.96, suggesting neutral momentum with a slight bullish tilt as it creeps back toward the 50 line.
The pair recently bounced from a low of $1.0740, which held as a critical support area. A confirmed break above the $1.0787 pivot opens the door toward $1.0848—yesterday’s high and the next major resistance.
The short-term structure shows buyers gradually reclaiming lost ground, but sustained bullish momentum requires a clean move above the 50-SMA and break of the recent high.
On the downside, $1.0784 acts as immediate support, followed by the stop-loss buffer at $1.0757 and a more significant support zone at $1.0733. Any breach below these levels would signal weakness and could reignite bearish pressure.
The EUR/USD outlook remains cautiously bullish if price sustains above $1.0787. A break higher could expose $1.0848, while failure risks another dip toward $1.0757.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD breaks above descending channel and 50 EMA
- RSI at 61.78 confirms bullish momentum
- Price structure favors buying above $1.08120 with $1.08849 target
The euro is showing signs of a trend reversal after a decisive breakout above the descending channel that had constrained price action since mid-March.
Trading at $1.08217, EUR/USD has cleared the key pivot level of $1.08120, signaling renewed bullish interest and a potential shift in short-term market sentiment.
The move comes after a sharp rebound from the $1.07585 level, backed by a breakout above the 50-period SMA ($1.07913), now acting as dynamic support.
The recent rally is technically significant, as it follows weeks of downward momentum and coincides with a strong RSI rebound.
The Relative Strength Index currently reads 61.78, pointing to growing bullish momentum without yet entering overbought territory.
Traders are eyeing a move toward the next resistance levels at $1.08544 and $1.08849, with extended upside potential toward $1.09177.
The setup favors a continuation higher, particularly if EUR/USD holds above the $1.08120 pivot. A failure to maintain this breakout level could lead to a retest of $1.07585 and, if breached, expose support at $1.07214 and $1.06780.
For now, however, the price structure favors buying dips, with the breakout confirmed by both price action and momentum.
A favorable risk-reward setup is evident for long positions entered above $1.08120, targeting $1.08849, with a stop loss below $1.07585.
The shift in structure and the break above the channel suggest further gains are likely, barring any major macro-driven dollar strength.
EUR/USD has confirmed a bullish breakout above $1.08120. The trend favors upside toward $1.08849, while $1.07585 remains key support to protect the bias.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.08120
Take Profit – 1.08849
Stop Loss – 1.07585
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$729/ -$535
Profit & Loss Per Mini Lot = +$72/ -$53
EUR/USD Price Analysis – March 31, 2025
Daily Price Outlook
The euro (EUR) rebounded strongly, with EUR/USD rising to near 1.0820 during North American trading hours. The recovery follows reports that the European Commission (EC) is preparing trade concessions to ease tensions with the United States, ahead of a formal tariff announcement by President Donald Trump scheduled for Wednesday.
According to Bloomberg, the European Union is working to identify concessions it is willing to offer in exchange for partial removal or delay of U.S. tariffs—particularly the 25% levy on foreign automobiles set to take effect on April 2.
This diplomatic overture could help de-escalate fears of a full-scale Eurozone-U.S. trade war, especially for export-heavy sectors like German automakers. Germany sends roughly 13% of its auto exports to the U.S., and the proposed tariffs could seriously dent their global competitiveness.
“We regret the 25% auto tariffs and the new measures coming on April 2, but we are preparing for all of these,” said EC spokesperson Olof Gill. He described Europe’s potential response as “timely, robust, and well-calibrated.”
Officials Warn of Global Fallout from Auto Tariffs
The backlash from Europe has been swift. German Chancellor Olaf Scholz condemned the tariff policy, calling it a “lose-lose situation” that undermines global prosperity. Echoing that view, ECB Vice President Luis de Guindos warned that while the inflationary impact of tariffs may be temporary, the damage to growth could be long-lasting.
“The worst outcome is a vicious circle of tariffs and retaliation,” de Guindos said, adding that trade disruptions are “extremely detrimental” to Eurozone growth.
His comments come amid growing monetary policy uncertainty. De Guindos said it was “very difficult to say” what the ECB might decide in April, citing fluid economic conditions.
Mixed Economic Data from Eurozone
Further complicating the outlook, preliminary March inflation figures from France and Spain disappointed:
France CPI (EU Norm): +0.9% YoY (vs. 1.1% est.)
Spain HICP: +2.2% YoY (down from 2.9%)
The weaker-than-expected inflation data could give the ECB more flexibility, but also reinforces concerns about stagnating demand within the Eurozone.
U.S. PCE Data Boosts Fed Dilemma
Across the Atlantic, inflation remains sticky. Core PCE inflation—the Federal Reserve’s preferred inflation gauge—rose 2.8% YoY in February, above the 2.7% forecast and January’s 2.6% print. On a monthly basis, core PCE climbed 0.4%, also exceeding expectations.
Despite the upside surprise, the U.S. Dollar Index (DXY) slipped toward 104.00, as traders adjusted positions ahead of potential Fed rate commentary.
Boston Fed President Susan Collins acknowledged that tariffs are “likely to increase inflation in the near term,” though she sees the rise as potentially short-lived. Still, she advocated for “active patience,” suggesting the Fed will likely hold rates in the 4.25%–4.50% range for an extended period.
EUR/USD Outlook: All Eyes on April 2 and Fed Guidance
As markets brace for Trump’s formal auto tariff announcement on Wednesday, volatility is expected to remain elevated. If the EU’s proposed concessions gain traction, EUR/USD could build on its recovery. However, failure to secure a diplomatic resolution—especially with tariffs hitting major Eurozone exports—could quickly reverse gains.
Simultaneously, traders will continue parsing U.S. inflation data and Fed signals, with rate expectations playing a pivotal role in shaping currency direction through Q2.
EUR/USD – Technical Analysis
The euro is showing signs of a trend reversal after a decisive breakout above the descending channel that had constrained price action since mid-March.
Trading at $1.08217, EUR/USD has cleared the key pivot level of $1.08120, signaling renewed bullish interest and a potential shift in short-term market sentiment.
The move comes after a sharp rebound from the $1.07585 level, backed by a breakout above the 50-period SMA ($1.07913), now acting as dynamic support.
The recent rally is technically significant, as it follows weeks of downward momentum and coincides with a strong RSI rebound.
The Relative Strength Index currently reads 61.78, pointing to growing bullish momentum without yet entering overbought territory.
Traders are eyeing a move toward the next resistance levels at $1.08544 and $1.08849, with extended upside potential toward $1.09177.
The setup favors a continuation higher, particularly if EUR/USD holds above the $1.08120 pivot. A failure to maintain this breakout level could lead to a retest of $1.07585 and, if breached, expose support at $1.07214 and $1.06780.
For now, however, the price structure favors buying dips, with the breakout confirmed by both price action and momentum.
A favorable risk-reward setup is evident for long positions entered above $1.08120, targeting $1.08849, with a stop loss below $1.07585.
The shift in structure and the break above the channel suggest further gains are likely, barring any major macro-driven dollar strength.
EUR/USD has confirmed a bullish breakout above $1.08120. The trend favors upside toward $1.08849, while $1.07585 remains key support to protect the bias.
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EUR/USD Price Analysis – March 28, 2025
Daily Price Outlook
During Friday's European trading hours, the EUR/USD currency pair dropped to near the 1.0764 level, facing strong bearish pressure as trade tensions between the United States and the European Union (EU) escalated.
This sharp decline in the major currency pair comes ahead of the anticipated announcement by US President Donald Trump on April 2, which will impose reciprocal tariffs.
US Tariff Announcement Weighs on Market Sentiment
The US administration’s decision to impose 25% tariffs on automobile imports is a key driver behind the recent decline in EUR/USD. The tariffs, which will take effect on April 2, are expected to create turmoil in the global auto industry, with major impacts on both the US and European economies.
US imports of cars from Germany, which make up a large part of Germany's car exports, will get more expensive. This will make them less competitive in the global market. The news has caused a drop in the stock prices of car companies, adding to the overall negative market mood.
As a result, US Federal Reserve officials are worried that Trump's tariff plan could lead to higher inflation. Boston Fed President Susan Collins said the tariffs would raise inflation in the short term but could be temporary.
She also pointed out that the Fed should stay flexible with its policies, suggesting that keeping interest rates the same might be a good choice given these economic challenges.
Impact of US Tariff Plans on the Eurozone Economy and Trade Relations
On the other side, as the US tariff plans ramp up, the European Commission (EC) is preparing to impose retaliatory tariffs on US products. This growing trade tension is creating more uncertainty for the Euro. German car manufacturers, who rely heavily on exports to the US, are especially worried.
The proposed tariffs could significantly hurt their ability to compete in the US market, impacting the Eurozone’s overall economic growth.
German Chancellor Olaf Scholz has criticized the US for its protectionist approach, warning that these tariffs would create a lose-lose scenario for both sides.
The European Central Bank (ECB) has also raised concerns about the economic impact of Trump’s trade policies. ECB Vice President Luis de Guindos warned that while the inflationary impact might be temporary, the tariffs could have long-lasting effects on economic growth in the Eurozone.
Slower Inflation Data in France and Spain Offers Temporary Relief for the Euro Amid Trade Concerns
On the economic front, the latest inflation data from France and Spain has shown slower-than-expected price pressures, providing some temporary relief for the Euro. France’s Consumer Price Index (CPI) for March rose by 0.9%, lower than the expected 1.1%.
Similarly, Spain’s Harmonized Index of Consumer Prices (HICP) showed a slowdown in inflation, rising 2.2% compared to 2.9% in the prior period.
However, the softer inflation numbers are unlikely to prevent the continued decline of the Euro, as the broader trade and tariff concerns overshadow the inflation data.
EUR/USD – Technical Analysis
The EUR/USD pair is trading modestly lower at $1.07870, down 0.01% as the euro struggles to regain footing amid mixed technical signals and cautious market sentiment.
Price action remains below the pivot point at $1.08058, indicating a short-term bearish bias while the pair hovers just under the 50-period EMA at $1.07942.
The technical outlook suggests that euro bears are maintaining control for now, as the pair continues to drift within a descending channel on the 4-hour chart.
Immediate support is noted at $1.07656, a level that previously provided a short-term bounce. A sustained break below this could expose deeper support levels at $1.07214 and $1.06790.
On the upside, resistance stands at $1.08544, followed by $1.08841 and $1.09177—key areas that bulls would need to overcome to shift sentiment meaningfully.
Momentum indicators remain subdued, and without a catalyst to propel the euro above its pivot, sellers may continue to dominate.
The Relative Strength Index (RSI) remains neutral, giving neither side a definitive edge, but the broader structure favors downside as long as EUR/USD remains capped below the $1.08058 threshold.
From a tactical standpoint, a short position below $1.08052 may offer a favorable setup, with targets at $1.07406 and a stop placed near $1.08364.
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EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD remains bearish below the $1.08058 pivot, with immediate support at $1.07656.
- 50 EMA at $1.07942 reinforces downside pressure on intraday moves.
- A break below $1.07656 may open the door toward $1.07214 and $1.06790.
The EUR/USD pair is trading modestly lower at $1.07870, down 0.01% as the euro struggles to regain footing amid mixed technical signals and cautious market sentiment.
Price action remains below the pivot point at $1.08058, indicating a short-term bearish bias while the pair hovers just under the 50-period EMA at $1.07942.
The technical outlook suggests that euro bears are maintaining control for now, as the pair continues to drift within a descending channel on the 4-hour chart.
Immediate support is noted at $1.07656, a level that previously provided a short-term bounce. A sustained break below this could expose deeper support levels at $1.07214 and $1.06790.
On the upside, resistance stands at $1.08544, followed by $1.08841 and $1.09177—key areas that bulls would need to overcome to shift sentiment meaningfully.
Momentum indicators remain subdued, and without a catalyst to propel the euro above its pivot, sellers may continue to dominate.
The Relative Strength Index (RSI) remains neutral, giving neither side a definitive edge, but the broader structure favors downside as long as EUR/USD remains capped below the $1.08058 threshold.
From a tactical standpoint, a short position below $1.08052 may offer a favorable setup, with targets at $1.07406 and a stop placed near $1.08364.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.08052
Take Profit – 1.07406
Stop Loss – 1.08364
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$646/ -$312
Profit & Loss Per Mini Lot = +$64/ -$31
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD holds below pivot at $1.08058, maintaining a near-term bearish tone.
- A break below $1.07656 could expose $1.07214 and $1.06780 support zones.
- Short setup in play: Sell below $1.08056, targeting $1.07433, with stop at $1.08368.
The EUR/USD pair is trading at $1.07875, posting a slight gain of +0.02% in early European hours. Despite the modest uptick, the currency remains below its pivot point at $1.08058, signaling that bearish sentiment still lingers as price action struggles to gain upside traction.
The 4-hour chart shows price comfortably beneath the 50-period EMA at $1.08608, further reinforcing near-term downside pressure.
Immediate resistance is located at $1.08544, aligning closely with the 50 EMA, followed by additional barriers at $1.08841 and $1.09177. Bulls would need a decisive break above these levels to reassert control, but current momentum indicators suggest a lack of conviction from buyers.
On the downside, $1.07656 serves as immediate support, followed by $1.07214 and $1.06780, levels that could come into play if selling accelerates below the pivot.
Given the current technical structure, a short bias remains favored below $1.08056, with a tactical sell setup targeting $1.07433, and a stop loss positioned at $1.08368 to manage risk. RSI and MACD indicators lean neutral to slightly bearish, with no clear signs of reversal yet.
In summary, while price hovers just below key resistance, the path of least resistance appears to favor sellers unless buyers reclaim ground above the $1.085 level with conviction.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.08056
Take Profit – 1.07433
Stop Loss – 1.08368
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$623/ -$312
Profit & Loss Per Mini Lot = +$62/ -$31