It's time to start taking short positions on this cross with positive swap at short direction.
It will go down and start accumulating with high swap are never a bad idea
EurTry will surely go down.
it is in deep overbuy conditions and in W1 you can see the formation of HEAD SHOULDER pattern
Eur start loosing is power in theese days
Usd start gain more power and will help Eur to go down
The cross eurtry have positive swap and is also a good opportunity for accumulating position for intraday trading
Maybe a great opportunity
Since late January, the Central Bank of the Republic of Turkey has produced consistent efforts to stabilize the currency. This has produced tangible results with a upward correction although persistent political tensions. Erdogan's referendum victory is likely to be the most market-friendly option. A "No" scenario may lead to early elections and a period of ...
After this pump rally, also if EUR is gaining some with USD we can expect a nice short here. Rate risen too much and it need a pull back with the same power it went upwards.
Set a proper SL and enter your trades.
Good luck.
