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

Daily Price Outlook

- EUR/USD trades above rising trendline with higher lows structure intact.

- RSI and price action suggest potential upside, pending confirmation.

- Breakout above $1.13836 could trigger bullish continuation.

EUR/USD is trading within a tightening ascending structure, supported by a rising trendline from the April 23 low. The pair recently rebounded from $1.13618, just above the trendline and the proposed entry point at $1.13621, hinting at a potential bullish continuation.

Price remains close to the 50-period SMA ($1.13836), which is currently acting as dynamic resistance. If this level is cleared, the next target is $1.14098, followed by stronger resistance near $1.14248.

Candlestick behavior reveals indecision, with recent spinning tops and small-bodied candles near the support zone.

However, there’s no strong reversal pattern yet—no bullish engulfing or three white soldiers—but the higher lows remain intact, keeping the bullish structure technically alive.

The RSI (14) is printing 46.88, slightly below neutral but curling upward, suggesting early bullish momentum. If RSI crosses above 50 and price clears the SMA, it would further confirm bullish intent.

A failure to hold the trendline near $1.13365 would invalidate this setup, potentially exposing the pair to a drop toward $1.13077.

For now, the setup favors a cautious long with tight risk control, watching the ascending trendline as a key inflection point. A breakout above $1.14098 may open up space for a run toward $1.14508.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.13621

Take Profit – 1.14098

Stop Loss – 1.13365

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$477/ -$256

Profit & Loss Per Mini Lot = +$47/ -$25