USDTRY and chance for more drop

USDTRY and chance for more drop

Rami
30 (10) 2016 - 23:30 (GMT)
0

USDTRY showing chance for farther drop movement to test support zone (3.0700) where as long as market holding trades below resistance (3.1300) this drop wave will be active, this scenario is supported by the fail of pair to obtain a daily close above (3.1200) zone as our Short-Run report advise (see here).

Intraday-Levels showing ability for farther drop to test support zone (3.0670-3.0715) which may provide market for rebound correction toward (3.1000-3.1100) zone.

Below (3.0670) more drop will be expected where second support level laying at (3.0330) zone.

 

 

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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