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AlmightyPips
Oct 11, 2019 8:04 PM

USDTRY Bullish Signals From Trump Long

U.S. Dollar/Turkish New LiraFXCM

Description

As more conflict with Turkey going on in the middle east. US has decided to impose sanctions on the TRY people. The sanctions are not in effect yet but since the news of the release TRY has depreciated over 1% giving USDTRY and EURTRY over a 1% gain.
Trump stated he will destroy the economy if necessary.
Technical perspective has support from 61.8 FIB and broke a resistance level. May be the start of a Bullish Trend.
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