EUR/TRY Makes Big Move Relative to Past Month, Heads Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days

EUR/TRY Price Recap

EUR/TRY is up 441 pips (0.66%) since yesterday (with its current price near 6.6837), marking the 3rd day in a row it has gone up. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 12.61% from the day prior, and up 34.89% from the same day the week before. Relative to other instruments in the Forex asset class, EUR/TRY ranked 2nd yesterday in terms of percentage price change. Let’s take a look at price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for EUR/TRY has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days EUR/TRY’s price has gone up 15 them.

The View From Around the Web

Not much commentary on EURTRY that we’re finding noteworthy here; are y’all just scared to put out an opinion? 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

good price action, lets see where to next. Trade with care, put an SL.