(Last Updated May 31, 2021 2:20 GMT)
At the time of this writing, EURTRY’s rate is down -0.43 pips (-0.04%) from the hour prior. EURTRY has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURTRY is up 2 pips (0.17%) since yesterday (opening today near 10.44013152), marking the 3rd straight day an upward move has occurred. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 10th in terms of percentage change since yesterday. Let’s take a look at price chart of EURTRY.
EURTRY Technical Analysis
The first thing we should note is that the current price of EURTRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days.