USDTRY Cup and hande formation almost completed?
hey you know turkey in trouble because repetition of elections and making swap moves from our central banks, s400 agreements scared foreign investors. Foreign investors doesnt trust turkey. Its basics analysis for our currency. Because this pair not move only technics basics and politicians determines direction. In technic analysis; we are almost completed cup and formation and we towards to 6.13 when we broke up 6.13 our next level is 6.50-65 area but I warned you guys when you entry this pair central bank work hard and I think they are sold some $$$ for saving value Turkish Lira. Short term I dont think its drop we gonna test 6.25 area again thank you for reading this analysis.
Good Luck.
Good Luck.
Next Target 6.32