EUR/USD Down 1 Pips Over Past Hour; Moves Down For the 4th Day In A Row

Hourly Update

(Last Updated November 15, 2021 1:39 GMT)

Currently, EURUSD’s rate is down -1 pips (-0.01%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURUSD has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURUSD is down 2 pips (0.02%) since the day prior (opening today near 1.14413), marking the 4th day in a row a decline has happened. Compared to its peers in the Forex, EURUSD gave its buyers a return that ranked 28th in terms of percentage change since the day prior. Below is a price chart of EURUSD.

EURUSD

EURUSD Technical Analysis

Coming into today EURUSD is now close to its 20, 50 and 100 day averages, located at 1.1568, 1.1607 and 1.1702 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 down over that time. Or to simplify this another way, note that out of the past 30 days EURUSD’s price has gone up 15 them.