EUR/TRY Down 67 Pips Over Past 4 Hours, 6 Day Up Streak Ended; Doji Pattern Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated July 27, 2020 09:07 PM GMT (05:07 PM EST)

The back and forth price flow continues for EUR/TRY, which started the current 4 hour candle off at 8.0628, down 67 pips 0.08% from the previous 4 hours. Out of the 37 instruments in the Forex asset class, EUR/TRY ended up ranking 24th for the four-hour candle in terms of price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

A moment of silence, please, for the end of EUR/TRY’s 6 day up streak; price ended the previous day down 9 pips (-0.01%) to finish the day at a rate of 7.9766591514. Relative to other instruments in the Forex asset class, EUR/TRY ranked 35th the previous day in terms of percentage price change. Below is a price chart of EUR/TRY.

EUR/TRY

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 9 out of the past 14 days. Also, candlestick traders! Note we see doji pattern appearing here as well.

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.