LiteForex - Analytics

LiteForex

716.75 8.25/10
76% of positive reviews
Real

EUR/TRY: technical analysis on 04.12.2015

On the daily chart, the pair bounced off the upper MA of Bollinger Bands that coincides with the EMA65 and 50% Fibonacci retracement. The price remains above the EMA130 that leveled out after a recent growth. The RSI failed its resistance at the Bearish level near 56 mark. The Composite is testing its last week resistance and is about to form a divergence with the price. MA’s for both indicators suggest a strength of the market. 

read more >>


To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree