Thu, 05 Sep 2013 06:29:17 GMT
EUR/TRY 1H Chart: Triangle
A formation of the pattern started 16 days ago; during this period the pair managed to consolidate above its 200-hour SMA and approach the apex of the triangle. EUR/TRY has recently broken through the lower trend-line of the pattern, implying that a further movement to the south, where the currency couple will face a region of support lines at 2.7021/6975,