EUR/TRY Up 133 Pips in Last 4 Hours, Moves Down For the 6th Day In A Row; Breaks Below 20 Day Average

EUR/TRY 4 Hour Price Update

Updated June 22, 2020 01:07 PM GMT (09:07 AM EST)

EUR/TRY is up 133 pips (0.17%) since the previous 4 hours (opening the current 4 hour candle near 7.6905), marking the 3rd candle in a row an increase has occurred. Relative to other instruments in the Forex asset class, EUR/TRY ranked 8th the previous 4 hours in terms of percentage price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is down 123 pips (0.16%) since the previous day (opening today near 7.64340346), marking the 6th day in a row a decrease has occurred. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 39th in terms of percentage change since the previous day. Let’s take a look at price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY crossed below its 20 day moving average yesterday. 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. For additional context, note that price has gone down 8 out of the past 14 days.