Thu, 24 Jul 2014 06:27:40 GMT
EUR/TRY 1H Chart: Channel Down
EUR/TRY has been rapidly depreciating since mid-July. At that time the pair was caught by a downward sloping channel that sent the instrument to a seven-month low of 2.8115 on Jul 23.
Currently the likelihood of continuation of the bearish tendency is rather high, especially given steepness of the pattern and the SWFX sentiment. According to the SWFX numbers, more