Mon, 16 Dec 2013 14:49:47 GMT
EUR/TRY 1H Chart: Rising Wedge
The single currency has been appreciating versus the Turkish Lire since late November, and has formed a rising wedge pattern, which, however, is moving to its apex. While both trend lines are still far away from converging, bears were able to penetrate the support line, and at the moment of writing were testing the 200-hour SMA. In case they will