EUR/TRY Up 52 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days

EUR/TRY 4 Hour Price Update

Updated July 02, 2020 01:18 AM GMT (09:18 PM 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 7.7096, up 52 pips (0.07%) since the previous 4 hours. Relative to other instruments in the Forex asset class, EUR/TRY ranked 2nd 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 entered today at 7.6977487972, down 35 pips (0.05%) from the day prior. Relative to other instruments in the Forex asset class, EUR/TRY ranked 36th the day prior in terms of percentage price change. Let’s take a look at price chart of EUR/TRY.

EUR/TRY Technical Analysis

Coming into today 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. 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 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.