Market Conditions for EURHKD as at Jul 07, 2020
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for Euro/Hong Kong Dollar
Euro/Hong Kong Dollar ProfileThe Euro/Hong Kong Dollar (EUR/HKD) is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. EUR is the base currency and HKD is the quote currency, meaning that 1 Euro was worth 8.7379 Hong Kong Dollar at the end of the New York trading session on Tuesday, -0.31% less than at the previous close.
Technical Analysis Summary for July 7, 2020
While the FX pair is currently in a short-term downtrend, this might just be a correction, as both the medium and long-term trends are still bullish. Tuesday's trading range has been 570 pips (0.65%), that's far below the last trading month's daily average range of 668 pips. Buying could accelerate should prices move above the nearby swing high at 8.7928 where further buy stops might get triggered.
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