EURUSD Bullish

Analysis Price: 1.1362 (Updated: 24 May 2025, 20:57 UTC)

Comprehensive analysis for EURUSD showing a predominantly bullish bias with 85% bullish consensus based on combined analytical factors. Raw trader sentiment shows 43% long, 57% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bullish Medium Confidence High Risk

Market Consensus:

85% Long

15% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for EURUSD (signal strength: 71%). Supporting factors include: High probability (95%) support zone detected at 1.1232; EUR is showing relative strength against USD (diff: 23%). Contradicting factors: Retail sentiment is 57% bearish. Risk assessment for this trade is high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (43% long / 57% short). The overall bullish bias (85%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

43% 57%

Historical Sentiment (7 Days)

Sentiment Interpretation

Neutral sentiment with a balanced distribution between long and short positions. This suggests indecision in the market, which could precede a significant move once a clear direction emerges.

Support & Resistance Analysis

Resistance Levels

R1: 1.1375 0.12% ↑

Analysis Price: 1.1362

Support Levels

S1: 1.1281 0.71% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

65%

Price Position Analysis

Price is currently near resistance at 1.1375 (0.12% above analysis price) with support at 1.1281 (0.71% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

93%

Bullish Flag

Reliability:

93%

Detected: May 24, 01:43

Pattern Analysis Interpretation

Predominantly bullish patterns detected across timeframes, suggesting upward momentum. The most reliable pattern is a bullish Bullish Flag on the H4 timeframe with 93% historical reliability. This pattern is currently only confirmed on the H4 timeframe.

High Probability Zones

Support Zone

95%

Zone Level:

1.1266

analysis price:

1.1362

Distance:

0.84%

Confluence Factors:

Morning Star 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

76%

Zone Level:

1.1839

analysis price:

1.1362

Distance:

4.20%

Confluence Factors:

Shooting Star 162% Extension

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

75%

Zone Level:

1.0724

analysis price:

1.1362

Distance:

5.61%

Confluence Factors:

Morning Star 127% Extension

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is approaching a high probability (95%) support zone at 1.1266, currently 0.84% away. Consider preparing a buy strategy as price approaches this level, watching for confirmation signals.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

27.0

Volatility Regime:

Normal

Volatility Level:

64%

10-Day ATR Trend

Volatility Interpretation (H1)

EURUSD is showing normal volatility (64 percentile) with an expected daily range of 27.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURUSD

USDCHF

-0.88

USDJPY

-0.84

NZDUSD

0.80

EURAUD

0.79

EURGBP

0.77

Correlation Interpretation

Understanding how EURUSD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURUSD shows strong positive correlation with: NZDUSD, EURAUD, EURGBP. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

EURUSD shows strong negative correlation with: USDCHF, USDJPY. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

EUR

-0.46

Weak

USD

0.08

Neutral

Relative Strength:

-0.54

Bearish Bias

Currency Strength Interpretation (M15)

USD is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.54. This suggests a strong bearish bias for EURUSD. However, this bias is primarily driven by the weakness of EUR.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURUSD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.