Forex Analysis for EUR/TRY

Why you are reading this Because you can trade Turkish lira, and there are things happening right now that may affect the course of TRY very much. What’s happening Azerbaijan and Armenia are at war – again. Who started it – doesn’t matter anymore. What matters is who wants what and what position eve...

On H4, the EUR/TRY pair has been moving to the support in the range of 6.52-6.5030 but the level of 6.5453 has been preventing the fall. A breakthrough below 6.5453 will lead EUR/TRY to the range. A move below the range will cause the following decline to 6.4055. If the pair rebounds, we can anticip...

Turkish lira made a spectacular decline during the recent trading days. USD/TRY came close to 5.00. It looks like it will be the worst month for the Turkish currency since the global financial crisis of 2008. Since the start of 2018, TRY fell by more than 20% versus the US dollar. Notice that the li...

Turkish lira made a spectacular decline during the recent trading days. USD/TRY came close to 5.00. It looks like it will be the worst month for the Turkish currency since the global financial crisis of 2008. Since the start of 2018, TRY fell by more than 20% versus the US dollar. Notice that the li...