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.
The closest is the 20 day average, which is 122.2 pips away.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
The closest is the 50 day average, which is 1944.2 pips away.
Or to simplify this another way, note that out of the past 10 days eur/try’s price has gone up 7 them.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
The closest is the 50 day average, which is 232.6 pips away.
As for the rationale, technical traders seem to be citing the appearance of fibonacci and relative strength index technical patterns.
This imputes a buy/sell ratio of 0.85, which is neutral.
This imputes a buy/sell ratio of 1.44, which is bullish.