Analysis of EUR/USD for 4h

6/4/2025

Analysis of EUR/USD

Based on the provided data for the EUR/USD pair on a 4-hour interval:

1. **Price Movement**: The price of EUR/USD has been fluctuating within a relatively narrow range, with the price closing around 1.14433.

2. **Relative Strength Index (RSI)**: The RSI indicator is consistently above 70, indicating overbought conditions. The RSI values are quite high, suggesting a strong bullish momentum in the market.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line is above the signal line, with a positive MACD histogram. This indicates a bullish trend in the market.

4. **Moving Averages (MA)**: The price is above the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA). This also supports the bullish sentiment in the market.

5. **Price Range**: The price has been trading within a tight range, with minor fluctuations between the high and low prices.

Overall, the technical indicators suggest a strong bullish momentum in the EUR/USD pair on the 4-hour interval. Traders may consider looking for buying opportunities or monitoring for a potential breakout above the current range.