EUR/USD Up 12 Pips Over Past Hour, Moves Down For the 6th Consecutive Day; in a Downtrend Over Past 90 Days

Hourly Update

(Last Updated April 29, 2022 1:43 GMT)

At the time of this writing, EURUSD’s rate is up 12 pips (0.11%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 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 52 pips (0.5%) since yesterday (opening today near 1.05002), marking the 6th consecutive day a decline has happened. Compared to its peers in the Forex, EURUSD gave its buyers a return that ranked 33rd in terms of percentage change since yesterday. Let’s take a look at price chart of EURUSD.

EURUSD

EURUSD Technical Analysis

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 14 days EURUSD’s price has gone down 10 them.