(Last Updated April 12, 2021 12:20 GMT)
At the time of this writing, EURUSD’s rate is up 6 pips (0.05%) from the hour prior. This is the 3rd hour in a row EURUSD has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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.
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 1.19013, down 0 pips (0%) since the previous day. Compared to its peers in the Forex, EURUSD gave its buyers a return that ranked 19th in terms of percentage change since the previous day. The price chart of EURUSD below illustrates.
EURUSD Technical Analysis
Coming into today EURUSD is now close to its 20, 50, 100 and 200 day averages, located at 1.1827, 1.195, 1.2055 and 1.1943 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 41.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed down. Or to simplify this another way, note that out of the past 14 days EURUSD’s price has gone up 7 them.