(Last Updated June 10, 2021 18:22 GMT)
At the time of this writing, EURTRY’s rate is down -0.46 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 10.447484008, down 2 pips (0.18%) since the day prior. Relative to other instruments in the Forex asset class, EURTRY ranked 30th the day prior in terms of percentage price change. The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for EURTRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.