USDTRY back to test Short-Run support

USDTRY back to test Short-Run support

Rami
06 (09) 2016 - 09:29 (GMT)
0

Dollar/Turkish Lira managed to hold support level (2.9260) for the last Short-Run outlook, while managed to rebound from that zone toward (2.9700) where we expected bigger rebound toward (3.0000) zone as our last report advise (see here).

Market fall back from resistance zone (2.9600-9700) while approaching to test uptrend support line, where as long as market holding above (2.9330-50) another uptrend wave may hit market toward (3.0200) for the coming short-run.

Below (2.9330) the pair will add risk for farther drop to re-test support (2.9140-70) where below this zone more drop will be expected

USDTRY

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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