S400 arrived in TurkeyThe Turkish lira lost its ground against the dollar after the Turkish defence ministry said the first parts of a Russian S-400 missile defence system were delivered the country. Investors rose concerns the US will impose sanctions dragging lira down for about 0.6%. The pair is trading far below the 50 MA with RSI advancing suggesting the dollar strengthening may proceed. Imposing sanctions will go against the lira and the pair could advance to 5.7400 resistance. When breached the 5.8260 will be in sight. Support is set on 5.6540 with next to consider on 5.5700.
