| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The EUR/TRY currency pair has been trying to surpass the psychological level at 6.0000 since the beginning of December.
Currently, the exchange rate is testing the resistance level formed by the weekly R3 at 6.2871. Technical indicators for the short run suggest that the pair is in the overbought territory, thus, it is expected that the rate goes downwards. Important support cluster to look out for is a combination of the 55-, 100– and 200-hour SMAs.
If given support cluster holds, a reversal north occurs within following sessions. Important resistance level to look out for is the Fibonacci 61.80% retracement at 6.3791.