An easy way to understand is you imagine a dialogue, you and Barack Obama in a dialogue, get this:
Barack Obama - Hello! Who are you?
You (Gianni) - Hello! I am Gianni! (EU SOU o Gianni)
Now let's assume that you are talking to Barack Obama by phone:
Barack Obama - Hello, Gianni! Where are you now?
You - Well ... Now I'm in my house, eating dinner. (Bem... Agora EU ESTOU em minha casa, jantando.)
"EU ESTOU" means a context, a place where you are, a momentary feeling, something that is not permanent, can be hunger, fear.
"EU SOU", is something that is tied to you, who you are, is something more permanent.