Forexistential

Turkey MSCI iShares ETF due to go lower, boosting Lira pairs

Long
NASDAQ:TUR   iShares MSCI Turkey ETF
MSCI iShares Turkey ETF is once again coming up to a solid resistance level (third try so far, no break)
and its RSI is coming off overbought (80+) in negative divergence...

Meanwhile, Lira pairs like USD/TRY and EUR/TRY are around their 200-day moving average, and
it looks like we are good to buy soon for the next leg up.

Keep an eye on these pairs...

Francesco

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