USDTRY Correction might take some time

FX:USDTRY   U.S. Dollar / Turkish Lira
After price going haywire to 7.30 levels, now it's correcting.

We're far away from the mean and will take time to get back to the fair price.

We're calculating that this price might be 6.40's.

Like and comment if you find value in our analysis.

Good luck


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Best Regards.


I don't think TA matters much - all depends how many dollars central bank is willing to burn to keep lira afloat.
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