EUR/TRY Continues to Consolidate in a Narrow Range

Monday, 8 July 2024, 22:41

The EUR/TRY currency pair hit an all-time high on March 21st but has since been trading within a tight range. The upper boundary is around 35.59 to 35.42, while the lower boundary ranges from 34.33 to 34.45 based on FXCM data. Traders are closely monitoring whether the pair will break out of this range.
FXStreet
EUR/TRY Continues to Consolidate in a Narrow Range

EUR/TRY Forecast Overview

After hitting an all-time high on March 21st, the EUR/TRY currency pair has been consolidating in a narrow trading range.

Key Points:

  • Upper Boundary: 35.59-35.42 (Peak of March 21st to Close of June 4th)
  • Lower Boundary: 34.33-34.45 (Low of April 1st to Close of April 15th)

Traders are eager to see if the pair will eventually break out of this range and establish a new trend.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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