It is way overdone for all time frames, and especially weekly and monthly chart.
I have not changed my view, but as mentioned many times, the time it will correct may be only 4-9 months time.
The short period coming 1-2 months I suspect we see recover 12.50-12.75, whilst long term 10.50-9.00.
I know this conflicts with many people's ideas, and some comparison I receive, clearly shows that not all are in the market trading. Some have good fundamental idea of the pair, and that is appreciated of course. Technically we will see it correct and the pressure should be relieved. My view is SELL current 17.20-17.50 and add again above 18.50. Very low leverages, and for those in need to cover TRY 6-9 months best to do this gradually now.
I have not changed my view, but as mentioned many times, the time it will correct may be only 4-9 months time.
The short period coming 1-2 months I suspect we see recover 12.50-12.75, whilst long term 10.50-9.00.
I know this conflicts with many people's ideas, and some comparison I receive, clearly shows that not all are in the market trading. Some have good fundamental idea of the pair, and that is appreciated of course. Technically we will see it correct and the pressure should be relieved. My view is SELL current 17.20-17.50 and add again above 18.50. Very low leverages, and for those in need to cover TRY 6-9 months best to do this gradually now.