usdtry price forecast anlysis

Turkish lira hits all time numbers

USD/TRY made sharp move this early morning and climbing to 3.0 area.
investor are concerns about security situation and political situation
President Tayyip Erdogan cautioned that Turkey is rapidly heading toward an election.
Meanwhile PKK bombing kills 8 Turkish soldiers in southeast , adding that the likely Fed monetary tightening this year would “definitely” affect Turkey negatively.

from the technical side:

we could see that the strong move today suggests lira selling could be related to triggering digital options at the 3.00 mark in an liquid market, we need to watch how the trend will continue later on cause im see The move similarity January 2014 

support levels :    2.89-2.90
major support:     2.73 2.69

turkish lira

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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