parsx26

USD/TRY Strong Support and Choppy Bullish Price Action

FX_IDC:USDTRY   U.S. Dollar / Turkish Lira
USD/TRY broke the resistance of 17.97 and the area above it(green) which was previous resistance for a while.
After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00
I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.

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