(Last Updated May 28, 2021 1:20 GMT)
At the moment, EURTRY’s rate is down -0.36 pips (-0.03%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURTRY has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists 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)
The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 10.300925403, down 5 pips (0.47%) since the previous day. Relative to other instruments in the Forex asset class, EURTRY ranked 34th the previous day in terms of percentage price change. The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Notably, EURTRY is now close to its 20 day averages, located at 10.1587 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 19 out of the past 30 days.