(Last Updated May 19, 2021 1:52 GMT)
At the moment, EURTRY’s rate is up 0.61 pips (0.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for EURTRY, which started today off at 10.199300076, up 10 pips 0.98% from the day prior. On a relative basis, the day prior was pretty good: EURTRY bested all 39 of the assets in the Forex class 🙂 Below is a price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 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. For additional context, note that price has gone up 8 out of the past 14 days.