EUR/USD Daily Price Forecast – 24th June 2025

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Trade Summary:

EURUSD
Buy Stop @ 1.16235
TP @ 1.16768
SL @ 1.15673

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EUR/USD Analysis (H4 Chart)

Key Observations:

• Trend Analysis:

  • The EUR/USD pair is in an uptrend, as indicated by the price consistently trading above the moving averages (yellow and red lines).

  • The moving averages are sloping upwards, confirming bullish momentum.

• Support and Resistance Levels:

  • Support Level: 1.15673 (Stop Loss level).

  • Resistance Levels:

    • 1.16235 (Buy Stop level).

    • 1.16768 (Take Profit level).

• Entry and Exit Points:

  • Buy Stop: 1.16235.

  • Take Profit (TP): 1.16768.

  • Stop Loss (SL): 1.15673.

• Price Action:

  • The price is approaching the Buy Stop level at 1.16235, indicating a potential breakout above this level.

  • If the breakout occurs, the next target is the Take Profit level at 1.16768.

• Moving Averages:

  • The shorter-term moving average (yellow) is above the longer-term moving average (red), further confirming bullish momentum.

Trading Strategy:

• Bullish Scenario:

  • If the price breaks above 1.16235, it is likely to continue towards the Take Profit level at 1.16768.

  • Traders can place a Buy Stop order at 1.16235 with a Stop Loss at 1.15673 to manage risk.

• Bearish Scenario:

  • If the price fails to break above 1.16235 and reverses, it may test the support level at 1.15673.

  • A break below 1.15673 could invalidate the bullish setup.

Risk Management:

• The risk-to-reward ratio for this trade setup is favorable, with a small risk (SL at 1.15673) compared to the potential reward (TP at 1.16768).

• Ensure proper position sizing to limit risk to a predefined percentage of the trading account.

Conclusion:

The EUR/USD pair is showing strong bullish momentum on the H4 chart. A breakout above 1.16235 could lead to further gains towards 1.16768. However, traders should monitor the price action closely and adhere to the Stop Loss level to manage risk effectively.

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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