EUR/TRY Down 166 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

EUR/TRY 4 Hour Price Update

Updated August 04, 2020 09:06 AM GMT (05:06 AM EST)

A moment of silence, please, for the end of EUR/TRY’s 4 four-hour candle up streak; price ended the last 4 hour candle down 166 pips (-0.2%) to finish the four-hour candle at a rate of 8.1961. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 32nd in terms of percentage change since the last 4 hour candle.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is down 11 pips (0.01%) since the previous day (opening today near 8.1836191716), marking the 2nd day in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 27th for the day in terms of price change. The price chart of EUR/TRY below illustrates.

EUR/TRY

EUR/TRY Technical Analysis

Notably, the current price of EUR/TRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!