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Turkish Lira Technical Outlook

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/TRY Technical Outlook The euro closed at its lowest in two months against the Turkish Lira following 4 consecutive months of decline, with an incredible rally in October (EUR/TRY -5.15 percent) that appeared to have triggered a considerable amount of short-covering. However, the downside pressure halted by the weekly 50-SMA, near the psychological level of 3.0000, as investors turned their attention to the political tension which started few days ago between Ankara and Moscow. Going

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