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

Daily Price Outlook

- EUR/USD reclaims 50-EMA at $1.1362, supported by bullish engulfing candlesticks.

- RSI trends above 50, signaling a mild bullish bias without overbought conditions.

- Break above $1.1406 critical to extend rally toward $1.1442.

The EUR/USD pair is attempting a recovery after defending support at $1.1331. Prices are now pushing against the $1.1362 pivot zone, aided by a modest bullish crossover where the price reclaims the 50-EMA ($1.1362).

A clean hourly close above this level opens the path toward $1.1406, with bulls eyeing the higher range.

Candlestick behavior reveals a series of small-bodied candles followed by a bullish engulfing pattern near the pivot, suggesting strengthening momentum.

The RSI reading at 55.98, slightly above the neutral 50 level, indicates a growing bullish bias without being overbought, offering room for further upside.

There is no visible bearish divergence at this stage, reinforcing the upward momentum. Higher lows from the $1.1316 region further validate the emerging bullish structure.

However, $1.1406 remains a key resistance that needs a decisive break for continuation; failure here could trigger profit-taking.

In a broader context, the pattern resembles an ascending triangle, typically a bullish formation, and a break above the horizontal barrier could spark a measured move towards $1.1442.

Traders should monitor for three white soldiers formation or successive bullish candles confirming the breakout strength.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.13625

Take Profit – 1.14061

Stop Loss – 1.13311

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$436/ -$314

Profit & Loss Per Mini Lot = +$43/ -$31