EUR/USD Daily Price Forecast – 20th June 2025

EUR/USD Daily Price Forecast – 20th June 2025

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EUR/USD Daily Price Forecast – 20th June 2025
EUR/USD Daily Price Forecast – 20th June 2025

Trade Summary:

EURUSD
Buy Stop @ 1.15342
TP @ 1.15850
SL @ 1.14521

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EUR/USD Analysis (H4 Chart)

Key Levels

  • Buy Stop: 1.15342

    • This level indicates a potential breakout point. If the price surpasses this level, it may signal bullish momentum.

  • Take Profit (TP): 1.15850

    • This is the target level for the trade. If the price reaches this point, the trade will close in profit.

  • Stop Loss (SL): 1.14521

    • This level is set to limit losses in case the trade moves against the expected direction.


Technical Indicators

  • Moving Averages:

    • Yellow Line (Short-Term Moving Average): The price is currently trading near this moving average, indicating a potential consolidation or a buildup for a breakout.

    • Red Line (Long-Term Moving Average): The price is above the long-term moving average, suggesting an overall bullish trend.

  • Price Action:

    • The price has been forming higher lows, which is a bullish signal.

    • Recent candles show a recovery from a minor pullback, indicating renewed buying interest.


Trend Analysis

  • The overall trend appears to be bullish, as the price is trading above the long-term moving average and is attempting to break above the short-term resistance at 1.15342.

  • A successful breakout above 1.15342 could lead to a continuation of the uptrend toward the target at 1.15850.


Risk Management

  • The stop loss at 1.14521 is well-placed below recent support levels, providing a good risk-to-reward ratio.

  • The trade setup offers a potential reward of approximately 50 pips (from 1.15342 to 1.15850) with a risk of about 82 pips (from 1.15342 to 1.14521).

See also  EUR/CAD Daily Price Forecast – 16th June 2021

Conclusion

  • Bullish Bias: The EUR/USD pair is showing signs of bullish momentum. A breakout above 1.15342 could confirm the continuation of the uptrend.

  • Trade Plan: Enter a buy position at 1.15342, targeting 1.15850, with a stop loss at 1.14521. Monitor price action closely for confirmation of the breakout.

This setup is ideal for traders looking to capitalize on a potential bullish breakout while maintaining a disciplined risk management approach.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It’s widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

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If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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See also  EUR/GBP Daily Price Forecast – 14th December 2023

 

 

 

 

 

 

 

 

 


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