eur usd price will be back to the support zone need to balance the liquidity take a short as shown in the picture follow for more live contents
EURTRY : Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021 We had then calculated and prognosed with great precision the levels (rise to 15,7) : The price has done us the favor then and normalized/consolidated around that level (15,7) : At this stage, Central bank has kept the lira's rates unchanged (good news because...
I'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira. As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity...
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market...
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market...
As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central...
The Euro has lost some value against the Turkish Lira over the past months but has reached the goal for its wave A in green. Now, it is time for another push against the Lira, before longer downward movements set in. Follow us for more!
Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 10.11 as I am showing in my chart. Our Daily Goal is 10.125. Currently,EUR/TRY is moving towards the support level of 10.05 where there is some liquidity, from this value...
BUY @7.85994 STOP LOSS @7.34024 TAKE PROFIT @9.11592 TRAIL @7.60009
Huge sell off on the EUR this past week, I was looking at this as a chance to long back up to resistance as it is oversold but looking at the bigger picture I think it is best to hold off at the moment. The situation is very bearish and there will certainly be swing trading opportunities here but the trend is going down and longing anything here seems like a big...
This has formed a support level at the current price area. This is a good entry point with SL just below the lowest low, TP is at -0.272 Fibonacci which would be a new all time high.
Let's do an exotic pair. EUR / TRY goes up too much without any retest, so it should definitely go down to 7.88 area, before the big push up.
There is a strong buy signal at 10/10 level, price is above the resistance level and 20 mov exp is supporting the prices. additionally there is cup-handle pattern. The movement range is 0.38.
FIRST TIME REVISITING ALL TIME HIGHES SELL SET UP SELL EUR/TRY ORDER TYPE ENTRY 1 7.7820 ENTRY 2 7.8630 SL 8.987 TAKE PROFIT 1 7.7320 TAKE PROFIT 2 7.2320 TAKE PROFIT 3 6.320 BUY SET UP BUY EUR/TRY ORDER TYPE BUY STOP ENTRY 1 7.8920 ENTRY 2 7.9830 SL 7.865 TAKE PROFIT 1 8.0320 TAKE PROFIT 2 8.4320 TAKE PROFIT 3 8.8220
Unless the support 7.17 is not broken and price stays underneath that level for 3 days in a row I would expect the currency to reach 7.5X levels and the graph should be updated accordingly.