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).
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.
For all clients who open their first real account, these brokers offer a $30 trading bonus to test their products and services without any initial deposit needed.
NZD/JPY Daily Price Forecast – 2nd October 2025 If you like our trade signals, join us on our PREMIUM TELEGRAM CHANNEL. 117% ROI in ONLY 10 days. Join our Facebook Group to learn more. Trade Summary: NZDJPYBuy Stop @ 85.864TP @ 85.586SL @ 85.239 ________________________ NZD/JPY Daily Price Forecast – 2nd
EUR/NZD Daily Price Forecast – 1st October 2025 If you like our trade signals, join us on our PREMIUM TELEGRAM CHANNEL. 117% ROI in ONLY 10 days. Join our Facebook Group to learn more. Trade Summary: AUDUSDBuy Stop @ 0.66257TP @ 0.66850SL @ 0.65786 ________________________ EUR/NZD Daily Price Forecast – 1st