On the last trading day of the week, we observe that EURRTRY parity has recorded calm pricing in the short term after rising to around 16.4000 level. While preparing the analysis, the parity is traded at the level of 16,3155.
When we evaluate the EURTRY parity from a technical point of view for short-term pricing, we follow the region of 16,1950 – 16,3000, supported by the exponential moving average of 21 and 55 periods. As long as the pair moves above the 16.1950 – 16.3000 region, the positive expectation can be in the foreground. If the upward pricing continues, 16.4000 and 16.5000 levels may come to the fore.
As long as positive trending moves are suppressed at 16.4000 level, pullbacks towards 16.1950 – 16.3000 region can be observed. As possible dips are capped by the 16.1950 – 16.3000 region, new highs can be recorded from this region. Therefore, permanent pricing below the 16.1950 level may be needed to consolidate the negative expectation. In this case, the levels 16.1200 and 16.0600 can be encountered. In this case, the attitude of 16.0600 level can be followed in terms of the continuity of negative pricing.
In summary; In the short term, as long as the pricing moves above the 16,1950 – 16,3000 region, the positive expectation may be in the foreground.
High of the Day: 16,1950 – 16,3000 region
