Daily Price Outlook

- Immediate resistance for EUR/USD at $1.07217, $1.07356, $1.07508.

- Support levels at $1.06865, $1.06720, and $1.06553 are critical.

- RSI at 52 indicates a neutral sentiment; cautious bullish outlook above $1.06987.

EUR/USD is trading at $1.07094, showing no significant change. The pivot point is positioned at $1.06987, serving as a crucial indicator for the next potential moves.

Immediate resistance levels are observed at $1.07217, $1.07356, and $1.07508. These levels highlight potential upward targets, indicating a bullish sentiment if the price stays above the pivot point.

On the downside, immediate support is found at $1.06865, with further support at $1.06720 and $1.06553. These support levels are vital in preventing a sharp decline, offering traders key entry points for long positions.

The Relative Strength Index (RSI) stands at 52, indicating a neutral market sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $1.07206, suggesting the current price is slightly below this average, which might act as a resistance level in the short term.

The technical indicators suggest a cautious bullish outlook for EUR/USD. Traders should consider a buy position above $1.06991, targeting a take profit at $1.07506. A stop loss at $1.06719 is recommended to mitigate potential losses.

Conclusion: The EUR/USD pair shows a potential bullish trend above the pivot point of $1.06987.

EUR/USD Price Chart - Source: Tradingview
EUR/USD Price Chart - Source: Tradingview

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.06991

Take Profit – 1.07506

Stop Loss – 1.06719

Risk to Reward – 1: 1.89

Profit & Loss Per Standard Lot = +$515/ -$272

Profit & Loss Per Mini Lot = +$51/ -$27



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