(Last Updated June 7, 2021 3:20 GMT)
At the moment, EURTRY’s rate is down -0.29 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 back and forth price flow continues for EURTRY, which started today off at 10.5570067738, up 3 pips 0.24% from yesterday. Relative to other instruments in the Forex asset class, EURTRY ranked 9th yesterday in terms of percentage price change. Here is a price chart of EURTRY.
EURTRY Technical Analysis
The first thing we should note is that EURTRY is now close to its 20 day averages, located at 10.3387 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
The View From Around the Web
Not much commentary on EURTRY that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com that we thought you might enjoy.