USDTRY Downside should not be permanent

After fed news and optimistic environment usdtry is trading red but we think that supports are strong.

It is very unlikely to price to break the trendline, even it breaks, prices speacially lower than 5.50 can't be sustained.

Either way we foresee higher price levels. If 5.65 holds we may see a rally higher from this .618 fibonacci level

Thank you for supporting our team with your likes.

Good luck.

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Price has tested the trendline today. Waiting for reversal signs before we consider to trade

Trade stängt: målet nått:

Gapped monday open provided 2.000 pips move.