| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
Since the beginning of November, the EUR/TRY exchange rate has been trading downwards.
Given that the currency pair is pressured by the 100– and 200-hour moving averages in the 9.5000 area, it is likely that some downside potential could prevail in the market. Note that the pair could gain support from the Fibo 38.20% at 8.5379.
If the predetermined support level holds, the exchange rate could reverse north. Otherwise, the rate could decline to the Fibo 50.00% at 8.0275.