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Bifrin
Dec 3, 2021 11:56 AM

Turkish Lira Chronic Disease? Long

Euro / Turkish LiraFOREX.com

Description

As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now.
The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics.

As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central Bank regarding President Recep Tayyip Erdogan's politics are being questioned.
It seems that the market is craving for a change of governemnt, but as we know from recents words of the President an early election before 2023 is a wish that will not come through.

Simple conclusion: Uptrend Cable will continue till 2023 at least as the Turkish Government is not likely to change their Economic politics.

Comment

Source tweet for recent price action:
twitter.com/Merkez_Bankasi/status/1466710884777136128
Comments
JoeChampion
You are great
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