The recent tensions between US and Turkey have wiped out a huge chunk of US Dollar gains against the the Turkish Lira. The US have suspended visa applications for travelling to the US for Turkish nationals.
It seems that this is seen as a negative for US Dollar against the Lira. Unless that steep trend line will be a good support level for a move higher. But somehow I doubt that.
At the moment, I am aiming for test of that steep trend line, and if the negative situation will still be up in the air, then a break of the trend line could be a possibility.
Currently aiming for the 3.62 level.
I recommend to be careful with this one as any news around the US-Turkish relations can send it somewhere into the unknown, due to the lack of volatility on a daily basis.
Keep an eye on the price action!
It seems that this is seen as a negative for US Dollar against the Lira. Unless that steep trend line will be a good support level for a move higher. But somehow I doubt that.
At the moment, I am aiming for test of that steep trend line, and if the negative situation will still be up in the air, then a break of the trend line could be a possibility.
Currently aiming for the 3.62 level.
I recommend to be careful with this one as any news around the US-Turkish relations can send it somewhere into the unknown, due to the lack of volatility on a daily basis.
Keep an eye on the price action!
