17.03.2020 EURTRY Analysis

17.03.2020 EURTRY Analysis On the last trading day of last week, while domestic production and retail sales data were followed, the leading CPI data was followed in Germany. On the first trading day of the week, weak economic data flow continued in the Euro Area, while the Central government budget posted a deficit of 7.36 billion TL in February. Within days, Health Minister Fahrettin Koca announced that the number of cases in Turkey had risen to 47, while attention was on the Euro group meeting. It was observed that the cross continued its upward movement with the developments followed at the end of the day. Technically, it was observed that the cross continued to be decisive at the 7.18 level. If the upward trend continues as long as it remains above the 7.14 support level, 7.22, 7.26, and 7.30 levels are important resistance levels to follow. For the possible sales and the downward trend in the exchange rate, 7,14, 7,10 and 7,06 support levels can be followed. [mstock id = "1528"]