EURTRY - Stopped at 15,7 (Exactly!)

Great trade that was again with a take profit hit at exactly 15,7 level as per our previous idea:


News:

Turkish inflation has reached its highest level since Recep Tayyip Erdogan came to power almost two decades ago as the president’s contentious economic management sparks a surge in prices.

The country’s consumer price index rose 36 per cent year on year in December, according to data released by Turkey’s statistical agency on Monday.


In the meantime, Erdogan is trying to balance between Russia and the West:

-President Recep Tayyip Erdoğan discussed Turkey-Russia relations and regional developments with Russian President Vladimir Putin, a statement by the Presidential Communications Directorate said Sunday.

-At the same time Turkey asks US to set up joint mechanism to resolve differences


Difficult for Turks to find ease and believe but Erdogan is trying:
"I want all my citizens to keep their savings in our own money, to run all their business with our own money, and I recommend this," Erdogan said in a speech in Istanbul.


Hopefully the worst is over but all will depend on what happens in the political front. this game is all about politics.

One Love,

the FXPROFESSOR