This collapse of the Turkish lira against the US dollar was due to the US pastor issue and given the support of the European and Asian countries we will see a strong bearish correction from the 6.95 area and the target will be at the beginning of the crisis at the resistance previously breached at 4.88. Noting the saturation on the indicator of the astocastic on the daily Frame.
hamzalakhlef's Blog
USD/TRY
الزوج بعد ماكسر الترند النازل سيعيد إختبار الدعم عند 4.5600 ثم الصعود وهدفه الأول هو 4.8000 ثم الهدف الثاني 4.9200
USD/TRY
USD/TRY after breaking the downtrend will test the support at the 4.5600 area and then climb back to the first target at 4.800 then the second target at 4.9200. Overall, we will see strength for the dollar this week as a result of the upcoming summit between the US and North Korean presidents.
USD/TRY
USD/TRY will descend to re-test the descending trend at 4.4800 and then will go up and his first target will be at 4.6300 and then climb to the second target at 4.7300.