EUR/TRY Up 704 Pips; in an Uptrend Over Past 14 Days

EUR/TRY Price Recap

EUR/TRY is up 704 pips (1.01%) since yesterday (with its current price near 7.0691), marking the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 19.42% from the day prior, and up 120.69% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 13th for the day in terms of day-over-day price change. Here is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.