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EUR/TRY seems to be in be in a complex correction, and there appeared resistance for the third time, on the upper trend line. My prediction is that, price will go further down for a while, but bounce back again at the end of November. I think that we will go as low as 2.6000, but pushed back to the area of 2.6400 1st of January, 12:00 GMT.
Delossan's Blog
Analysis on EUR/TRY
The EUR/TRY is about to reach a new major top, and that is why i decided to make a research on this pair. The count hat i made can seem confusing so. I made some poly-lines you can follow through the price action. This is NOT a classic "Elliott Wave" count at all, as wave-4 is overlapping wave-2 slightly during wave-A ". Normally I only look at where wave-4 ends, and if there is no overlap, then I usually continue counting. -The first chart is a 2-days chart with an overall outlook. There is …