U.S. Dollar / Turkish Lira
Long
Updated

USDTRY Downside should not be permanent

1350
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

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Good luck.
Note
snapshot
Price has tested the trendline today. Waiting for reversal signs before we consider to trade
Trade closed: target reached
snapshot
Gapped monday open provided 2.000 pips move.

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