EUR/TRY Down 54 Pips in Last 4 Hours, Moves Up For the 5th Day In A Row; in an Uptrend Over Past 14 Days

EUR/TRY 4 Hour Price Update

Updated July 24, 2020 01:05 PM GMT (09:05 AM EST)

EUR/TRY, which opened the current 4 hour candle priced near 7.9462, is down 54 pips 0.07% since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 24th in terms of percentage change since the last 4 hour candle.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is up 43 pips (0.05%) since the previous day (opening today near 7.936186656), marking the 5th day in a row an upward move has occurred. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 7th in terms of percentage change since the previous day. The price chart of EUR/TRY below illustrates.

EUR/TRY Technical Analysis

Coming into today the current price of EUR/TRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 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. Also, candlestick traders! Note we see pin bar pattern appearing here as well.