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Daniel.B

EUR/TRY reaching a major supply zone on the daily charts

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Euro / Nova Lira Turca (FX:EURTRY)  
Daniel.B  
FX:EURTRY   Euro / Nova Lira Turca
EUR TRY shortsetup swingtrading priceaction Support and Resistance Supply and Demand
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eurtry shortsetup swingtrading priceaction supportandresistance supplyanddemand
The fundamentals behind the move could be due to the political instability in Turkey, with the Turkish government cracking down on political opposition in the country. Based on the technicals also, the currency pair is reaching a supply zone where the pair has sold off in the past.
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