Technical analysis of EURUSD
EUR/TRY is moving to the support
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 anticipate a rise to 6.5985 but remember about the trendline that will limit the upward movement.
USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion.
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.