EUR/USD - Daily - Technical analysis published on 04/02/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.0783 USD
My targets
1.0938 USD (+0.0086)
1.1111 USD (+0.0259)
My analysis
The bullish trend is currently very strong on EUR/USD. As long as the price remains above the support at 1.0783 USD, you could try to benefit from the boom. The first bullish objective is located at 1.0938 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1111 USD as an objective. Crossing it would then enable buyers to target 1.1208 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The EUR/USD price is 1.0852 USD. The price registered an increase of +0.54% on the session and was traded between 1.0780 USD and 1.0873 USD over the period. The price is currently at +0.67% from its lowest and -0.19% from its highest.1.0780
1.0873
1.0852
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1 (Daily)
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point (Weekly)
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0430 | 1.0698 | 1.0783 | 1.0852 | 1.0856 | 1.0938 | 1.1111 |
| Change (%) | -3.89% | -1.42% | -0.64% | - | +0.04% | +0.79% | +2.39% |
| Change | -0.0422 | -0.0154 | -0.0069 | - | +0.0004 | +0.0086 | +0.0259 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0719 | 1.0749 | 1.0771 | 1.0801 | 1.0823 | 1.0853 | 1.0875 |
| Camarilla | 1.0780 | 1.0785 | 1.0789 | 1.0794 | 1.0799 | 1.0804 | 1.0808 |
| Woodie | 1.0716 | 1.0747 | 1.0768 | 1.0799 | 1.0820 | 1.0851 | 1.0872 |
| Fibonacci | 1.0749 | 1.0769 | 1.0781 | 1.0801 | 1.0821 | 1.0833 | 1.0853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0629 | 1.0681 | 1.0754 | 1.0806 | 1.0879 | 1.0931 | 1.1004 |
| Camarilla | 1.0793 | 1.0804 | 1.0816 | 1.0827 | 1.0839 | 1.0850 | 1.0861 |
| Woodie | 1.0640 | 1.0686 | 1.0765 | 1.0811 | 1.0890 | 1.0936 | 1.1015 |
| Fibonacci | 1.0681 | 1.0729 | 1.0758 | 1.0806 | 1.0854 | 1.0883 | 1.0931 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9919 | 1.0153 | 1.0486 | 1.0720 | 1.1053 | 1.1287 | 1.1620 |
| Camarilla | 1.0662 | 1.0714 | 1.0766 | 1.0818 | 1.0870 | 1.0922 | 1.0974 |
| Woodie | 0.9968 | 1.0178 | 1.0535 | 1.0745 | 1.1102 | 1.1312 | 1.1669 |
| Fibonacci | 1.0153 | 1.0370 | 1.0504 | 1.0720 | 1.0937 | 1.1071 | 1.1287 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.92 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 9.3580 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.0874 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0733 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 1.0668 | |
| Zig ZAG (10): | 1.0850 | |
| VORTEX (21): | 1.1784 | |
| Stochastique (14,3,5): | 39.64 | |
| TEMA (21): | 1.0859 | |
| Williams %R (14): | -46.85 | |
| Chande Momentum Oscillator (20): | -0.0067 | |
| Repulse (5,40,3): | 0.5678 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1126 | |
| Courbe Coppock: | 0.77 |
| MA7: | 1.0803 | |
| MA20: | 1.0842 | |
| MA50: | 1.0602 | |
| MA100: | 1.0522 | |
| MAexp7: | 1.0819 | |
| MAexp20: | 1.0784 | |
| MAexp50: | 1.0669 | |
| MAexp100: | 1.0633 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +3.14% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +1.72% | |
| Price / MAexp100: | +2.06% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/USD. At the time of publication of this analysis, the latest news was as follows:
-
EUR/USD Analysis: Euro Gives Back Some Gains
-
EUR/USD Analysis: Can the Euro Hold This Range?
-
EUR/USD Analysis: Can the Euro Continue with Fed Meeting Here?
-
Technical Outlook on EURUSD, USDJPY, GBPUSD
-
EUR/USD Analysis: Can the Euro Continue to Rise?
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