EURTRY - Early on the Big Short to 26.5
To be honest it already feels ridiculous to receive 30 TRY for 1 euro!
It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally it seems to have taken place
at 30,5
From here i see this price coming back down to stratosphere at 26.5 by end of September this year.
Will then check again and follow developments in Turkey. For now things will stabilize which is good for our Turkish friends.
One Love,
the FxProfessor
It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally it seems to have taken place
at 30,5
From here i see this price coming back down to stratosphere at 26.5 by end of September this year.
Will then check again and follow developments in Turkey. For now things will stabilize which is good for our Turkish friends.
One Love,
the FxProfessor
Comment:
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