The USDTRY exits the bullish track – Analysis – 30-6-2022
Economies.com
2022-06-30 05:21AM UTC
The USDTRY pair faced strong negative pressures recently, which pushed it to exit the bullish track by crawling below 16.8660 support line, suffering some losses by declining towards 16.0290 that forms 50% Fibonacci correction level.
The current positive rebound hints the attempts to gather the additional negative momentum, to expect consolidating below the broken support and start forming new negative trades to target 16.3000 followed by repeating the pressure on 16.0000 barrier.
The expected trading range for today is between 16.7250 and 16.3000
The expected trend for today: Bearish
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