| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The EUR/TRY exchange rate has been trading sideways between the Fibonacci 50.00% retracement at 6.7984 and the monthly R1 at 6.8892 since the beginning of May.
If the given resistance and support levels hold, it is expected, that the rate could continue to trade sideways within the following trading sessions.
However, note, that the currency pair is supported by the 55-, 100– and 200-hour SMAs, it is likely, that some upside potential could prevail in the market. In this case, the pair could reach the Fibonacci 38.20% retracement at 7.0377.