I am really considering a brief carry with this trade as the rollover is fine and it happens to be at an area that may be traded. I've just started looking at this pair so that it would be nice to have others share their ideas. I've noticed this pair correlates nicely with EUR/USD but at the time of studying euro power might be arriving and could break resistance. Any ideas?
The attached chart is eur/try using 3 moving averages for contrast and eur/usd price action to reveal the correlation.