EUR/TRY Down 39 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

EUR/TRY 4 Hour Price Update

Updated July 21, 2020 09:09 AM GMT (05:09 AM EST)

EUR/TRY is down 39 pips (0.05%) since the last 4 hour candle (opening the current 4 hour candle near 7.8459), marking the 2nd candle in a row a decline has happened. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 25th 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 up 10 pips (0.01%) since the day prior (opening today near 7.8537435615), marking the 2nd day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 23rd for the day in terms of price change. Below is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. Or to simplify this another way, note that out of the past 30 days EUR/TRY’s price has gone up 14 them.