| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
Since the beginning of January, the EUR/TRY currency pair has been trading downwards, pressured by a descending trend line.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 8.9620/9.1530 range, it is likely that some downside potential could prevail in the market.
Note that the rate could face the support level—the Fibo 38.20% at 8.5379. If the predetermined level holds, a reversal north could follow. Otherwise, the pair could target the Fibo 50.00% at 8.0275.