EUR/TRY Down 205 Pips Over Past 4 Hours, Underperforms All Forex; 9 Day Up Streak Broken

EUR/TRY 4 Hour Price Update

Updated July 30, 2020 01:08 AM GMT (09:08 PM EST)

EUR/TRY is down 205 pips (0.25%) since the previous 4 hours (opening the current 4 hour candle near 8.2138), marking the 2nd candle in a row a decrease has occurred. On a relative basis, EUR/TRY was the worst performer out of all 37 of the assets in the Forex asset class.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 9 up days, EUR/TRY snaps its streak, falling 156 pips (-0.19%) over the past day to close at an exchange rate of 8.2182539964. On a relative basis, EUR/TRY was the worst performer out of all 40 of the assets in the Forex asset class. Below is a price chart of EUR/TRY.

EUR/TRY

EUR/TRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.