EUR/TRY Up 32 Pips Over Past 4 Hours, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated June 18, 2020 09:08 AM GMT (05:08 AM EST)

EUR/TRY is up 32 pips (0.04%) since the last 4 hour candle (opening the current 4 hour candle near 7.7115), marking the 3rd candle in a row it has gone up. Relative to other instruments in the Forex asset class, EUR/TRY ranked 19th the last 4 hour candle in terms of percentage price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/TRY, which started today off at 7.6918376574, up 42 pips 0.06% from the previous day. Relative to other instruments in the Forex asset class, EUR/TRY ranked 16th the previous day in terms of percentage price change. Below is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for EUR/TRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days EUR/TRY’s price has gone up 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!