EUR/USD Down 1 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

EUR/USD 4 Hour Price Update

Updated May 25, 2020 09:06 PM GMT (05:06 PM EST)

EUR/USD is down 1 pips (0.01%) since the last 4 hour candle (opening the current 4 hour candle near 1.0895), marking the 2nd candle in a row it has gone down. Out of the 37 instruments in the Forex asset class, EUR/USD ended up ranking 23rd 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 3 pips (0.03%) since yesterday (opening today near 1.09066), marking the 2nd day in a row it has gone up. Out of the 40 instruments in the Forex asset class, EUR/USD ended up ranking 18th for the day in terms of price change. Here is a price chart of EUR/USD.

EUR/USD Technical Analysis

Coming into today the current price of EUR/USD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days EUR/USD’s price has gone up 8 them. And for candlestick traders, a special treat: there is a doji 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 12 buy signals on our radar and 11 sell signals. This imputes a buy/sell ratio of 1.09, which is neutral. As for the rationale, technical traders seem to be citing the appearance of channel, divergence and fibonacci technical patterns. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Predicting longs. Supply zone, valid fib and engulfing.