Currency pair EURTRY represents the trading instrument of the Forex market and shows a ratio of the euro and Turkish lira. Euro in this couple acts as the base currency, and Turkish lira — quoted. The currency pair of EURTRY appeared in the Forex market in 2010 and it is considered exotic. Quotes of the pair are influenced by a number of the macroeconomic phenomena. The euro is influenced by the events occurring in the European Union, and the Turkish lira - is influenced by a rating of the country and indicators of the financial markets.
Working with this trading instrument, the trader should pay attention to the specificity of this pair, but it doesn't mean that it is impossible to earn on it. To achieve better results by means of this trading instrument, it is necessary to consider all risks and to minimize them.
Currency pair EURTRY is considered high volatility and the spread of this trading instrument is rather high. When using the fundamental analysis the trader, first of all, needs to pay attention to the economic situation of Turkey, and to the European economy.