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

Daily Price Outlook

- Break of 50-SMA & Support: 1.1403 now resistance after failed hold, trend bias turns bearish.

- Bearish Candles: Strong sell-off candle adds confirmation below structure and SMA.

- Momentum Favors Sellers: RSI near 39 with room for more downside.

EUR/USD has shifted to a bearish bias after failing to hold above the 50-period SMA at 1.1431. The pair has broken below key support at 1.1403, which is now acting as short-term resistance.

This breakdown, paired with the rejection from the $1.1450 zone, suggests bearish continuation if price sustains below the 1.1403 pivot.

The RSI reading at 39.25 confirms momentum has turned bearish, with room for further downside before reaching oversold conditions.

The recent bearish candlestick pattern (a strong red candle closing below the 50-SMA and horizontal support) provides additional confirmation of the trend shift.

The pair is now eyeing a retest of the rising trendline support near 1.1309. If that breaks, the next support lies at 1.1265. On the flip side, a close above 1.1451 would invalidate the bearish setup and suggest a possible rebound.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.14034

Take Profit – 1.13099

Stop Loss – 1.14515

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$935/ -$481

Profit & Loss Per Mini Lot = +$93/ -$48