EUR/TRY Up 18 Pips Over Past 4 Hours, Entered Today Up For the 5th Day In A Row; in an Uptrend Over Past 14 Days

EUR/TRY 4 Hour Price Update

Updated July 24, 2020 09:06 PM GMT (05:06 PM EST)

EUR/TRY is up 18 pips (0.02%) since the last 4 hour candle (opening the current 4 hour candle near 7.9705), marking the 2nd candle in a row it has gone up. Out of the 37 instruments in the Forex asset class, EUR/TRY ended up ranking 18th for the four-hour candle in terms of price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is up 43 pips (0.05%) since the day prior (opening today near 7.936186656), marking the 5th day in a row an upward move has occurred. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 7th in terms of percentage change since the day prior. Let’s take a look at price chart of EUR/TRY.

EUR/TRY

EUR/TRY Technical Analysis

The first thing we should note is that EUR/TRY is now close to its 20 day averages, located at 7.803 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 14 days EUR/TRY’s price has gone up 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!