Short-Term Forecast Trading suggestion: . The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken. . Also, it will be a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2. . Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets.
Technical analysis: . USDTRY is in a downtrend. A divergence is formed, and the beginning of an uptrend is expected. .The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 70.
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