peterbokma

USDTRY-SELL strategy

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
Short-term still overbought, and there is a likely chance of moving back to 14.00 short-term.

The OIL price does places pressure on the TRY and it is possible after the short-term decline, that we may try higher levels once again. We may see 15.50-16.50 again, and these are medium-term sell levels for a move back to 10.50-9.00.

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