Doubtful. I dont think it has any solid reason to go down, because it isnt forming a stable resistance. I think it has a chance of reaching 3 this week.
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just watch
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DownUnder suburra
its doing something strange now
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FDK suburra
still watching :)
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FDK suburra
if it passes 2.985, it will be a huge long opening for next week.
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how?
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FDK suburra
2.98 has always been an important pivot point, and if that resistance doesnt hold, i suspect USDTRY may build up enough momentum to get past 3 and test 3.05's again.
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agree it is... will go to 3.05... but this is a (1) or (a) leg... before correction to 2.89-2.9 it cannot test this level.
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and it will hit 3.09 not 3.05... but first correction...
snapshot
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FDK suburra
Dollar index just broke a big resistance and is expected to fly next week, while turkish politics continue to be unstable. I think it should go longward
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