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 (+0.0083)
1.1111 USD (+0.0256)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/USD as long as the price remains well above 1.0783 USD. The buyers' bullish objective is set at 1.0938 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1111 USD. If there is any crossing, the next objective would be the resistance located at 1.1208 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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This analysis was given by Abdul85forex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/USD price is 1.0855 USD. The price has increased by +0.57% since the last closing and was traded between 1.0780 USD and 1.0873 USD over the period. The price is currently at +0.70% from its lowest and -0.17% from its highest.1.0780
1.0873
1.0855
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
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 | 1.0855 | 1.0856 | 1.0938 | 1.1111 |
| Change (%) | -3.92% | -1.45% | -0.66% | - | +0.01% | +0.76% | +2.36% |
| Change | -0.0425 | -0.0157 | -0.0072 | - | +0.0001 | +0.0083 | +0.0256 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 60.00 | |
| 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): | 1.0852 | |
| VORTEX (21): | 1.1784 | |
| Stochastique (14,3,5): | 39.79 | |
| TEMA (21): | 1.0860 | |
| Williams %R (14): | -46.40 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | 0.5861 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1126 | |
| Courbe Coppock: | 0.76 |
| 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: | +0.48% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +2.39% | |
| Price / MA100: | +3.16% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.74% | |
| Price / MAexp100: | +2.09% |
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?
This member declared not having a position on this financial instrument or a related financial instrument.
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