The market does not show much movement for USDTRY, but looking at the market condition, it is more likely we see lower levels to come short-term. The market is slightly overbought for short-term time frame.
Strategy SELL current @ 14.80-14.85 for a move back to 13.98.
The mdium-term picture suggest higher and we may see 15.50-16.50. I would be rather SELL in rally, and would be short overall for a medium-term move to 10.50-9.00.
Strategy SELL current @ 14.80-14.85 for a move back to 13.98.
The mdium-term picture suggest higher and we may see 15.50-16.50. I would be rather SELL in rally, and would be short overall for a medium-term move to 10.50-9.00.