EUR/TRY Up 92 Pips Over Past 4 Hours, 3 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated July 23, 2020 09:22 AM GMT (05:22 AM EST)

EUR/TRY is up 92 pips (0.12%) since the previous 4 hours (opening the current 4 hour candle near 7.9351), marking the 2nd candle in a row it has gone up. Relative to other instruments in the Forex asset class, EUR/TRY ranked 9th the previous 4 hours in terms of percentage price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 up days, EUR/TRY snaps its streak, falling 50 pips (-0.06%) over the past day to close at an exchange rate of 7.9187269476. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 38th in terms of percentage change since the day prior. Here is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 day averages, located at 7.7906 respectively, and thus may be at a key juncture along those timeframes. 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 10 days EUR/TRY’s price has gone up 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.