(Last Updated October 15, 2021 23:18 GMT)
At the moment, EURUSD’s rate is down -2 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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)
The choppiness in the recent daily price action of EURUSD continues; to start today, it came in at a price of 1.15918, down 5 pips (0.04%) since yesterday. Compared to its peers in the Forex, EURUSD gave its buyers a return that ranked 23rd in terms of percentage change since yesterday. Below is a price chart of EURUSD.
EURUSD Technical Analysis
Notably, EURUSD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Volatility for EURUSD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 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 8 them.