Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
It may be worth observing that eurtry was the worst performer of the 40 members in the forex asset class over the past day.
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.
Price action traders may also wish to note that we see a pin bar candlestick pattern on eurtry.
For context, observe that the day prior was noteworthy in the sense that eurtry bested all 40 of the assets in the forex class.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Compared to its peers in the forex, eurtry gave its buyers a return that ranked 15th in terms of percentage change since the day prior.
This is a reversal of the price action on the previous hour, in which price moved up.