The USDTRY seeks the exit – Analysis – 11-7-2022
Economies.com
2022-07-11 07:28AM UTC
The USDTRY pair failed to achieve any new positive target recently despite the frequent stability above the key support 16.6000, affected by strong barrier at 17.4000 to force it to form sideways trades.
Note that stochastic fluctuation within the overbought areas will increase the chances of renewing the bullish attempts to keep waiting to surpass the mentioned barrier and activate he bullish scenario and wait to achieve new gains that might start at 17.7100 followed by reaching 18.3600 in the upcoming period.
The expected trading range for today is between 17.0000 and 17.7100
The expected trend for today: Bullish
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