(Last Updated July 23, 2021 2:20 GMT)
Currently, EURTRY’s rate is up 0.42 pips (0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 10.071778464, down 2 pips (0.21%) since the day prior. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 29th in terms of percentage change since the day prior. Below is a price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20, 50 and 100 day averages, located at 10.1975, 10.3126 and 10.108 respectively, and thus may be at a key juncture along those timeframes. 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. The closest is the 100 day average, which is 362.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone down 6 out of the past 10 days.