olly_price
Long

EURTRY bullish signals with bullish fundamentals

FX_IDC:EURTRY   Euro Fx/Turkish New Lira
The current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country.

The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying stronger currency pairs against it, such as the euro             .

You are absolutely right. I live in istanbul. I know Turkey economy. There is a crisis in Turkey now. But media can not tell. Because Erdogan makes pressure on media. Banks know that Eur will be 4.35 lira in Turkey end of this year.
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