Analysis of EUR/USD for 1h
10/2/2024
Analysis of EUR/USD
Based on the provided data for the EUR/USD pair on a 1-hour interval, here is a short analysis:1. **Price Movement**: The price of EUR/USD has been fluctuating within a relatively narrow range, with the price closing around 1.10383 to 1.10711 over the past few hours.
2. **Relative Strength Index (RSI)**: The RSI values range from 28.62 to 47.22, indicating that the market is not strongly overbought or oversold. The current RSI value of 42.36 suggests a moderate level of buying momentum.
3. **Moving Average Convergence Divergence (MACD)**: The MACD line is hovering around -0.001 to -0.00119, with the signal line close by. The MACD histogram is mostly negative but showing some signs of convergence.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all above the current price, indicating a bearish short-term trend.
5. **Price Levels**: The price has been struggling to break above the 1.107 level, which has acted as a resistance in recent hours.
Overall, the EUR/USD pair seems to be consolidating within a tight range, with no clear directional bias at the moment. Traders may look for a breakout above 1.107 or below 1.103 to confirm a new trend direction.
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
