EUR/TRY Up 579 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 2nd Day In A Row

EUR/TRY 4 Hour Price Update

Updated March 26, 2020 05:09 AM GMT (01:09 AM EST)

The choppiness in the recent four-hour candle price action of EUR/TRY continues; to start the current 4 hour candle, it came in at a price of 7.0517, up 579 pips (0.83%) since the previous 4 hours. EUR/TRY outperformed all 40 assets in the Forex asset class the previous 4 hours.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is up 655 pips (0.94%) since yesterday (opening today near 7.0024195), marking the 2nd 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 yesterday. The price chart of EUR/TRY below illustrates.

EUR/TRY Technical Analysis

Notably, EUR/TRY crossed above 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.