| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The common European currency continues to strengthen against the Turkish Lira in the long term. The pair reached a multi-year high of 5.75 in May prior to testing a trend-line near 5.30 last week.
As apparent on the chart, the rate returned near this high, but failed to move above this line and the monthly R3. This pressured the Euro lower closer to the aforementioned trend-line.
Technical indicators are generally tended south. Thus, it is believed that the Euro should depreciate during the following trading days, targeting the monthly PP and the 55-day SMA at 5.40 during this time. If this trend-line is breached, the following significant support is the monthly S2 and the 100-day SMA near 5.10.