EURO TOO STRONG FOR TURKEY If you'd ask me which currency I'd put my money on, without a doubt it'll be the Euro. Despite all Brexit drama, the Euro seems to keep having the upper hand on almost every pair that includes it. Since June 2016. MPs have failed to agree on a withdrawal agreement which means Britain did not exit the EU on March 2019, looks like the Euro actually gained more value and on the other hand Sterling Pound seems to really struggle to over power most currencies fundamentally.
Taking a glance on the EURTRY chart analysis, it seems like it corresponds with the fundamental analysis. Using the technical analysis, I've used a Gartley Pattern to confirm our target price at 6.78315 which is on the "C" on the harmonic pattern, the market turned exactly at our 61.8% level and to be safe the Risk price would be roughly at 6.40448. For additional confirmation I've inserted a stochastic which it haven't reached our overbought zone.
