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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
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EUR/USD - 1H - Technical analysis published on 01/06/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.0581 USD
My targets
1.0513 USD (-0.0005)
1.0483 USD (-0.0035)
My analysis
The bearish trend is currently very strong for EUR/USD. As long as the price remains below the resistance at 1.0581 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0513 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0483 USD as an objective. Crossing it would then enable sellers to target 1.0378 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

topaze
This analysis was given by topaze. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/USD price is 1.0518 USD. The price is lower by -0.03% since the last closing and was traded between 1.0511 USD and 1.0537 USD over the period. The price is currently at +0.07% from its lowest and -0.18% from its highest.

1.0511
1.0537
1.0518

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0029 1.0129 1.0378 1.0518 1.0519 1.0581 1.0629
Change (%) -4.65% -3.70% -1.33% - +0.01% +0.60% +1.06%
Change -0.0489 -0.0389 -0.0140 - +0.0001 +0.0063 +0.0111
Level Intermediate Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard1.03631.04391.04801.05561.05971.06731.0714
Camarilla1.04891.05001.05101.05211.05321.05431.0553
Woodie1.03461.04301.04631.05471.05801.06641.0697
Fibonacci1.04391.04841.05111.05561.06011.06281.0673


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05131.05561.06281.06711.07431.07861.0858
Camarilla1.06681.06791.06901.07001.07111.07211.0732
Woodie1.05281.05631.06431.06781.07581.07931.0873
Fibonacci1.05561.06001.06271.06711.07151.07421.0786


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.01401.02671.04831.06101.08261.09531.1169
Camarilla1.06061.06371.06691.07001.07311.07631.0794
Woodie1.01861.02891.05291.06321.08721.09751.1215
Fibonacci1.02671.03981.04791.06101.07411.08221.0953

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 34.26
MACD (12,26,9): -0.0018
Directional Movement: -15.6741
AROON (14): -78.5714
DEMA (21): 1.0515
Parabolic SAR (0,02-0,02-0,2): 1.0544
Elder Ray (13): -0.0012
Super Trend (3,10): 1.0557
Zig ZAG (10): 1.0518
VORTEX (21): 0.7273
Stochastique (14,3,5): 18.79
TEMA (21): 1.0509
Williams %R (14): -71.88
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.0641
ROCnROLL: 2
TRIX (15,9): -0.0268
Courbe Coppock: 0.52
MA7: 1.0604
MA20: 1.0613
MA50: 1.0409
MA100: 1.0150
MAexp7: 1.0523
MAexp20: 1.0538
MAexp50: 1.0566
MAexp100: 1.0590
Price / MA7: -0.81%
Price / MA20: -0.90%
Price / MA50: +1.05%
Price / MA100: +3.63%
Price / MAexp7: -0.05%
Price / MAexp20: -0.19%
Price / MAexp50: -0.45%
Price / MAexp100: -0.68%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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