| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency continues to appreciate substantially against the Turkish Lira.
This upward movement was disrupted last week when the pair reversed from the 4.97 mark and fell down to 4.84 in one session. It has since recovered; however, a steeper surge has been restricted by the 200-hour SMA and the weekly PP at 4.90. This area, likewise reinforced by the 100-hour SMA, is likely to hinder the pair for several sessions.
However, the upward-sloping tendency of technical indicators does suggest that the prevailing up-trend should continue in the short-term, as well, especially if the aforementioned resistance is breached. A possible target for the following two weeks is the senior channel near 5.03.
In terms of downside potential, the monthly PP and the weekly S1 circa 4.83 should not be breached.