(Last Updated January 14, 2022 1:43 GMT)
At the moment, EURUSD’s rate is down 1 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend 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 up 17 pips (0.15%) since yesterday (opening today near 1.1459), marking the 3rd consecutive day an increase has occurred. Out of the 39 instruments in the Forex asset class, EURUSD ended up ranking 9th for the day in terms of price change. Here is a price chart of EURUSD.
EURUSD Technical Analysis
First things first: EURUSD crossed above its 100 day moving average yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 7.9 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. For additional context, note that price has gone up 8 out of the past 14 days.