EUR/TRY Up 406 Pips; in an Uptrend Over Past 90 Days

EUR/TRY Price Recap

The back and forth price flow continues for EUR/TRY, which starts today off at 7.07518 US dollars, up 406 pips 0.58% from the previous day. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 59.8% from the day prior, and up 72.84% from the same day the week before. Relative to other instruments in the Forex asset class, EUR/TRY ranked 15th yesterday in terms of percentage price change. Below is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

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 up 7 out of the past 10 days.