USDTRY Downside should not be permanent
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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.
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.
Nota
Price has tested the trendline today. Waiting for reversal signs before we consider to trade
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