If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Relative to other instruments in the forex asset class, eurtry ranked 6th the previous day in terms of percentage price change.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
The closest is the 20 day average, which is 2.5 pips away.
It’s been a feast for bears operating on an hourly timeframe, as eurgbp has now gone down 4 of the past 5 hours.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
This imputes a buy/sell ratio of 1, which is neutral.