Eur/try technical price forecast

Eur/try technical price forecast

At the beginning of 2014 we saw the entry reached to high records above 3.27 level
since then he went down to 2.60 at January 2015, from there make Hugh move, Crossed the previous record and reached  to 3.48 area the last august.
Closer look on the charts show us couple things:
The EURTRY pair is struggling to stay above 3.27 level, there is strong resistance zone at 3.02 area, previous support level provides a significant resistance to the price action.
if we see some more selling pressure in the EURTRY pair, the next key support level will come at  2.80 -84 area and from there it could go to 2.64-8 areas

This will be key for the pair, with a break below would strongly suggest there’s been a change of bias in the markets. This would then prompt a move back towards the psychological level of 2.6000. Further fall will then be limited around the 2.57 area.

eur/try

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice