(Last Updated January 14, 2021 2:20 GMT)
Currently, EURUSD’s rate is up 4 pips (0.04%) from the hour prior. The hourly chart shows that EURUSD has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
EURUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURUSD entered today at 1.21568, down 49 pips (0.4%) from the previous day. Out of the 40 instruments in the Forex asset class, EURUSD ended up ranking 31st for the day in terms of price change. The price chart of EURUSD below illustrates.
EURUSD Technical Analysis
Coming into today EURUSD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 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 EURUSD’s price has gone up 16 them.