Pedal to the metal
It looks like the new Governor to the Turkish Central Bank has put his foot on the gas to stop the Turkish Lira from falling.
Let's hope he doesn't run out of gas any time soon.
I hope so, but looking at the technical picture all he has done this morning is push the rate of the EURTRY back to previous support and back to the mean of the up...
In this weekly forecast I will be taking a look at the following markets:
Also, I will be reviewing some of the trades that I have on these pairs.