EUR/USD Up 7 Pips in Last 4 Hours, Moves Up For the 7th Day In A Row; in an Uptrend Over Past 14 Days

EUR/USD 4 Hour Price Update

Updated July 24, 2020 09:06 PM GMT (05:06 PM EST)

EUR/USD is up 7 pips (0.06%) since the previous 4 hours (opening the current 4 hour candle near 1.1642), marking the 3rd candle in a row an upward move has occurred. Out of the 37 instruments in the Forex asset class, EUR/USD ended up ranking 15th for the four-hour candle in terms of price change.

EUR/USD End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/USD is up 2 pips (0.02%) since yesterday (opening today near 1.1598), marking the 7th day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, EUR/USD ended up ranking 16th for the day in terms of price change. Let’s take a look at price chart of EUR/USD.

EUR/USD

EUR/USD Technical Analysis

Notably, the current price of EUR/USD is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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/USD’s price has gone up 22 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Of note is that traders in aggregate have opinions on EURUSD, with 7 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 1.75, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern. Here’s a piece we found on tradingview.com that we thought you might enjoy.