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umits
Oct 25, 2021 2:53 PM

USDTRY Forecast Analysis after the ambasaddor crisis. Short

U.S. Dollar/Turkish New LiraFXCM

Description

The easing of the dollar-tl parity after the ambassador crisis seems to test the post-interest level. Falling prices can see buyers at all levels. the demand for dollars has been possible at all levels until now. As Turks, our hope is of course a strong TL, but our belief will be stronger if the decision mechanism does not act against the science of economics. A strong Turkey goal can only be achieved by fulfilling the requirements of economics. FX:USDTRY
Comments
tokgozcem
Well drawn graph,In my opinion 9.30 support will work.They took profit at 9.84.
umits
@tokgozcem,Thank you Cem, for replying. As you mentioned, 9.30 level seems to be a strong psychological support.
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