EURUSD Up 15 Pips On Hourly Chart; Pin Bar Pattern Appearing on Chart

2 mins read
EURUSD

Hourly Update (Last Updated January 6, 2021 22:20 GMT) At the time of this writing, EURUSD’s rate is up 15 pips (0.13%) from the hour prior. EURUSD has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving…

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