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EUR/CAD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/TRY 1H Chart: Channel Up Comment: The near-term outlook for EUR/TRY is positive, as the pair is currently trading near the lower trend-line of the bullish channel. Accordingly, we expect a rally from 3.2815 up to 3.3150 during the next few days. However, the longer-term recovery of the European currency is doubtful. The upside is limited by several tough resistances, including the weekly PP, 200-hour SMA and four-week down-trend, meaning the price should stay beneath 3.32 Turkish liras. At

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