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

Daily Price Outlook

- EUR/USD remains bearish below $1.06351, with key support at $1.05614.

- A break above $1.06990 may shift momentum, targeting $1.07453 resistance.

- 50-day EMA at $1.04784 reinforces the broader downside trend.

The EUR/USD pair is trading at $1.06248, struggling to hold above key support levels as the U.S. dollar retains strength. The pivot point at $1.06351 is a crucial threshold, with the pair teetering just below it. The 50-day EMA at $1.04784 signals a bearish bias, suggesting further downside potential if sellers remain in control.

A break below $1.06344 could accelerate selling pressure, with immediate support at $1.05614 acting as the next key level. If the bearish momentum continues, EUR/USD could decline further toward $1.04962, with an extended downside target at $1.04448, marking a multi-week low.

On the upside, resistance remains firm at $1.06990, with a break above this level required for any meaningful recovery. If the pair manages to push higher, the next upside hurdles are $1.07453 and $1.08038, where sellers may re-emerge. However, given the current bearish sentiment, a sustained move above $1.06837 is required to shift momentum.

The technical landscape remains bearish, as long as EUR/USD trades below the pivot point at $1.06351. A confirmed break below $1.05614 could trigger further declines, while a push above $1.06990 would be needed to negate the bearish outlook.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.06344

Take Profit – 1.05608

Stop Loss – 1.06837

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$736/ -$493

Profit & Loss Per Mini Lot = +$73/ -$49