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| Price | ▼ 0.12% | ▼ 0.23% | ▲ 0.64% | ▼ 0.66% |
| Energy | ▼ 6.7 | ▼ 5.3 | ▲ 38.9 | ▼ 16.3 |
Trend of Bear Bias EURUSD Daily
▸When EURUSD is in Bear Bias:
- then EURUSD moved to higher Market State: 237 times — 68.9%
- then EURUSD moved to lower Market State: 107 times — 31.1%
▸Current EURUSD market energy: -34.91%
- Distance to upper bound of Bear Bias (at -20.88%): 14.03%
- Distance to lower bound of Bear Bias (at -60%): 25.09%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed Daily candle, EURUSD within the Market Energy state leaning Bear.
Market movement after the Daily candle closes, Market trend energy recorded a -16.3% drop from the previous candle, from -18.6% to -34.9%.
Time in Bear Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, EURUSD Market Energy ranged from -57.5 to -18.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 13-06-2024 closed, EURUSD was at 1.0738, down 0.66% from the previous candle (1.0809). Market Energy was -34.9%, down 16.3 points from -18.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURUSD price move on this Daily candle, and how large is that historically?
EURUSD closed at 1.0738, down 0.66% from the previous Daily candle (1.0809). This drop is larger than 88% of past drops on the Daily timeframe for EURUSD, across 1,702 candles since 2019.
How did EURUSD Market Energy change from the previous candle?
Market Energy fell 16.3 percentage points from the previous candle — from -18.6% to -34.9%. This drop is larger than 69% of past drops on the Daily timeframe for EURUSD.
Do EURUSD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was EURUSD in on the previous Daily candle?
The previous Daily candle had EURUSD at -18.6%, Neutral — when this candle closed, EURUSD moved down to a lower zone: Neutral → Bear Bias.
Where does EURUSD energy sit within the Bear Bias zone?
At -34.9%, EURUSD is 14.03 points from the upper boundary of Bear Bias (-20.88%) and 25.09 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 22%; GER40 (European equities) in Bull Bias with energy 51.9%. Against this backdrop, EURUSD (Bear Bias, -34.9%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 79%. EURUSD (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for EURUSD.
Open Energy ChartSee the full 2AiTrading Model data for EURUSD on the EURUSD overview →
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