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EUR/TRY Stalling Around Key Area After Large Gains

fxsurprise8 Posted 30 Sep. as Analysis on EUR/TRY, Target: 4.2111, Date: 1st of November, 12:00 GMT  in #Technical analysis #Euro #Resistance #Rally #European Union #EUR/TRY #Try #Range Trading #Weekly Chart #Turkish Lira
The EUR/TRY is stalling around a key resistance area. We're currently quoted at 4.2068, with the previous swing high back in January at 4.1764. This means that the pair hasn't made more then 1% gain all year.
If this wasn't weak enough, on the lower timeframe chart below we're seeing a ranging market. Because of both these charts I'm betting on the EUR/TRY staying range-bound in October.
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More of the Same for the Turkish Lira

fxsurprise8 Posted 31 July as Analysis on EUR/TRY, Target: 4.1622, Date: 1st of September, 12:00 GMT  in #Technical analysis #EUR #4H Chart #Euro #EUR/TRY #Try #Range Bound #Weekly Chart #Range Box #Turkish Lira
I expect to see more of the same in the EUR/TRY. The pair has been trading range-bound on the lower timeframe 4 hour chart, as the picture below clearly shows. There were several attempts to break above the 4.16 - 4.17 resistance area, with no success.
On the bigger weekly chart (below) we're seeing the same price behavior. Here too price is bouncing against important resistance and again it is the 4.17 level, same as on the 4h chart.
Because of this timeframes confluence I don't think the pair …
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