| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Euro has been depreciating gradually against the Turkish Lira since the beginning of January when the exchange rate reversed south from the Fibonacci 61.80% retracement at 6.3791.
Currently, the currency pair is testing the weekly R2 at 6.0552. Given that the rate is being supported by the 55-, 100– and 200-hour SMAs, an advance is expected in the nearest future. A possible upside target is given Fibonacci retracement.
However, the pair has to surpass the resistance level formed by the monthly R1 at 6.2460. If given resistance holds, it is likely a reversal south occurs in the nearest future.