The gains in the EUR/TRY during January are being eaten away in February. We're now quoted at 3.8541, barely above this year's open for this currency pair. This shows that the bull trend has been broken.
Exhibit number two is the lower time-frame chart below. Here we see that prices are indecisive , with large swings. While in the pic above we had gains erased by downtrend, here we see losses erased by uptrend.
In conclusion, this year neither the bulls nor the bears can steer this currency pair…