| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/TRY currency pair has been trading between the psychological levels at 5.9600 and 6.1500 since the middle of January.
Given that the exchange rate is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that a decline occurs in the nearest future. Potential downside target is the monthly S1 at the 5.8714 mark.
However, technical indicators for the short run suggest that the pair is in the oversold territory, thus, bulls might prevail in the market within following sessions, and the pair might go upside to the resistance level formed by a combination of the weekly and monthly R1s located near 6.2730.