Euro / Turkish LiraShort
EURTRY Daily Chart
Oscillators:
RSI shows a declining line proving the EUR is underperforming.
STOCH shows a crossover is imminent, providing a timely trading
signal, as price movement shows the EUR is oversold. (Bullish
signal).
Trend:
Retracement being established at 4.31625 price level, as time
would be a great indication as price correction has been
established. The retracement to 0.236 shows an increase in
demand is yet to happen as a New Higher high expected with
the EUR.
Pattern:
Continuation Pattern (Ascending Triangle Pattern).
No clear visiual evidence of a reversal pattern.
Bullish Price Projection to the Golden Ratio.
Estimated Price Projection 4.37333.
RSI shows a declining line proving the EUR is underperforming.
STOCH shows a crossover is imminent, providing a timely trading
signal, as price movement shows the EUR is oversold. (Bullish
signal).
Trend:
Retracement being established at 4.31625 price level, as time
would be a great indication as price correction has been
established. The retracement to 0.236 shows an increase in
demand is yet to happen as a New Higher high expected with
the EUR.
Pattern:
Continuation Pattern (Ascending Triangle Pattern).
No clear visiual evidence of a reversal pattern.
Bullish Price Projection to the Golden Ratio.
Estimated Price Projection 4.37333.
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