Note: This section contains information in English only.EUR/TRY put an end to the promising upward motion within a small-scale channel down pattern, destroying any hopes that the repeated attack on the all-time high of 4.1665 might be successful. The pair posted a double top on the hourly chart at 4.0145 and went on to form the bearish pattern, inside which it hit the 3.9670/57 with the last tall red candle. The rate will have to push below the area in order to reach the current target at 3.9587/72. We will then look for a bounce from the area to kick off another wave north.
Wed, 15 Mar 2017 11:36:49 GMT
Source: Dukascopy Bank SA