We had initiated a buy call on the currency pair a few weeks back and the 1st target has been achieved, we would advise to book 75% profit at this level and trail SL to buying and wait for the 2nd target. The currency pair might see a throwback till 0.618% of fibonacci. There would be a buying opportunity at that level. We would advise to buy 25% at that level and wait for a new target so only 50% of the position will be at risk.

There is strength in the move and the direction on the upside is also expected. The RSI is showing some correction and the single candle Inverted Hammer is showing some point retracement.

Advice : Buy on Dip and book 75% at this level

EUR/TRY

Oct 22 2021