Analysis and forecast of the EUR/USD pair
Current price: 1.05877
Time frame: 1 minute
Technical indicators:
* RSI 14: 70 (overbought area)
* MACD 12, 26: The signal line is above the MACD line, indicating an uptrend.
*Currents:
* Purchase: 92%
* Sale: 8%
Analysis:
*General trend: bullish
* Current wave: corrective
* Resistance levels: 1.06000, 1.06200
* Support levels: 1.05700, 1.05500
Expectations:
* In the short term: The pair is expected to continue the upward trend, targeting the 1.06000 resistance level.
* In the long term: The pair is expected to continue the upward trend, targeting the 1.06200 resistance level.
comments:
*This analysis is just a personal opinion and not investment advice.
*Traders should conduct their own research before making any trading decisions.
Some factors that may affect the price of the EUR/USD pair:
* Monetary policy: The policy of the European Central Bank (ECB) and the US Federal Bank (Fed) have a significant impact on the EUR/USD exchange rate.
* Economic events: Major economic events, such as economic reports and data, can affect the price of the pair.
* Geopolitical risks: Geopolitical risks, such as wars and conflicts, can affect the price of the pair.