Turkish lira started loosening up since the interest rate decision discussion has started. Yesterday, the interest rate was kept as it is and till now it seems that Lira is continuing it's bearish run. In line with that, EURTRY broke the strong bearish trend and it may well continue for some more time. Please find the EURTRY daily chart analysis,

As the chart clearly shows, the bearish trend is broken and clearly running with green candles. We may enter the trade LONG using some technical indicator and it may well expected to continue till 3.14.

Happy trading!
Translate to English Show original