Dotbee.ai

Analysis of EUR/USD for 1h

2/5/2025

Analysis of EUR/USD for 1h

Analysis of EUR/USD

Based on the provided data for the EUR/USD currency pair on a 1-hour interval on February 5, 2025, we can make the following analysis:

1. **Price Movement**:
- The price of EUR/USD fluctuated between 1.04041 and 1.04252 during the day.
- The closing price was 1.04156, slightly lower than the opening price of 1.04199.

2. **Technical Indicators**:
- **RSI Indicator**: Showed values between 61.90813 and 74.83241, indicating a moderate to overbought market sentiment.
- **MACD Indicator**: The MACD line was positive, with values ranging from 0.00171 to 0.00192, suggesting a bullish momentum.
- **Moving Averages (MA)**: The Simple Moving Average (SMA) and Exponential Moving Average (EMA) were both increasing, indicating an upward trend.

3. **Price Range**:
- The price range was relatively narrow, indicating a consolidation phase or indecision in the market.

4. **Overall Assessment**:
- The RSI and MACD indicators suggest a bullish sentiment in the market.
- The moving averages also support the bullish trend.
- Traders may look for buying opportunities if the price breaks above the resistance level, considering the bullish indicators.

Please note that this analysis is based on the provided data and should be supplemented with additional information for a comprehensive trading decision.

MACD of EUR/USD

This is not investment advice. Remember to verify the information provided here.

Get access to the full analysis

  • Over 35 000 indexes
  • CFD, Forex, Crypto and Stocks Exchange
  • Over 150 Indicators
  • Pattern and candle analysis
  • Support and resistance levels
  • Fundamental, technical and sentimental analysis
  • Power from AI
Web versionApp StoreGoogle Play

Contacts

Telephone number

+48 32 700 81 66

Email address

[email protected]

Company information

Honey Payment Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link