EURTRY Down 0 Pips Over Past Hour, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 5, 2021 3:18 GMT)

Currently, EURTRY’s rate is down 0.02 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURTRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURTRY is up 7 pips (0.66%) since the previous day (opening today near 11.18254286), marking the 2nd day in a row an upward move has occurred. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 3rd in terms of percentage change since the previous day. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

The first thing we should note is that EURTRY is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for EURTRY 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 down 6 out of the past 10 days.