| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/TRY exchange rate breached the medium-term ascending channel north and reached the 9.6000 mark.
It is likely that some upside potential could prevail in the market in the medium term due to the support area formed by the 55-, 100– and 200-period moving averages in the 9.1350/9.3585 range. The currency pair could target the 10.00 level.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the psychological level at 8.6000.