EUR/TRY Down 6 Pips On 4 Hour Chart; in an Uptrend Over Past 90 Days

EUR/TRY 4 Hour Price Update

Updated May 25, 2020 09:07 PM GMT (05:07 PM EST)

EUR/TRY is down 6 pips (0.01%) since the previous 4 hours (opening the current 4 hour candle near 7.4248), marking the 2nd candle in a row it has gone down. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 22nd in terms of percentage change since the previous 4 hours.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of EUR/TRY continues; to start today, it came in at a price of 7.4182112428, down 79 pips (0.11%) since the previous day. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 37th for the day in terms of price change. Here is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, the current price of EUR/TRY is sitting close to its 20 and 50 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 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. Or to simplify this another way, note that out of the past 10 days EUR/TRY’s price has gone down 7 them.