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

Daily Price Outlook

- EUR/USD remains in a descending channel capped by the 50-SMA.

- RSI is rebounding but hasn’t confirmed bullish reversal.

- A break below $1.13466 could resume the downtrend toward $1.12676.

EUR/USD is trading within a well-defined descending channel, attempting a mild recovery after bottoming near $1.12676. Price is currently approaching short-term resistance near $1.13466, a level that previously acted as support.

While a small bullish impulse has developed, the pair remains below the 50-SMA at $1.13694, which continues to slope downward—reinforcing bearish pressure in the medium term.

From a candlestick perspective, the pair has not yet shown convincing bullish formations like three white soldiers, and the latest candles resemble neutral bodies rather than strong directional signals.

The RSI has turned up from oversold levels and now sits at 44.84, reflecting short-term recovery momentum. However, unless the pair clears the upper boundary of the bearish channel and sustains above the $1.13466 zone, the upside is likely to remain capped.

The broader structure still favors a continuation to the downside, especially if price fails at the current resistance and prints a bearish engulfing or another reversal signal near the 50-SMA.

A break below $1.13466 could reactivate bearish momentum toward $1.12676 and potentially $1.12285. On the flip side, a confirmed push above $1.13901 would challenge this outlook and suggest short-term trend reversal.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.13466

Take Profit – 1.12676

Stop Loss – 1.13893

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$790/ -$427

Profit & Loss Per Mini Lot = +$79/ -$42