The USDTRY cloud resistance will be soon lower at 13.8500-13.8600.
For now, we remain neutral and with a small downside bias. I am not venturing on this one still, and for those SHORT a healthy interest rate differential will help to benefit each day and week that goes by.
The downside is likely 11.80 -10.50 short term and a break above 13.8500 would bring us towards 15.50-16.50 whereby we will be a LONG TERM seller.
For now, we remain neutral and with a small downside bias. I am not venturing on this one still, and for those SHORT a healthy interest rate differential will help to benefit each day and week that goes by.
The downside is likely 11.80 -10.50 short term and a break above 13.8500 would bring us towards 15.50-16.50 whereby we will be a LONG TERM seller.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.