EUR/TRY 4H Chart: Euro at new heights

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The common European currency continues to book new high levels against the Turkish Lira. On all time frames and scales the currency pair is surging and it has been like that for a few years.  

In the short term the pair is set to continue the surge. It should occur after the currency exchange rate finds support in a combined support cluster near the 4.66 mark.  

Afterwards the Euro will have the range up to the 4.7930 level free from resistance against the Turkish currency.

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