Mon, 20 Feb 2017 12:30:53 GMT
EUR/TRY 4H Chart: Channel Down
After scoring new heights against the Turkish Lira, the common European currency has begun a period of consolidation, which occurs in the borders of a descending channel pattern. The change of direction occurred due to the currency exchange rate hitting the upper trend line of a three year long ascending channel pattern. The newly formed descending channel is most likely