After Turkey's central bank to raise interest rates, I think this will continue to decline as the impact on the pair. but I think that this decline is not permanent. election shall be held in Turkey on June 24. I estimate that the price of the dollar will be 4.40 Turkish liras until this date.
IT IS NOT A INVESTMENT ADVICE !!!
On the 4 hour chart, the TOBO formation should be followed. FIB 0.786 is an important support point. According to the MACD indicator, back off possibilities are included. Therefore, turquoise support levels should be followed. If there is a "back off", TOBO may come to the agenda.
It is not a investment advice
If FIB level 0,786 is not downgraded, FIB 1.0 level may be our first target. And if this level breaks, we can follow the formation of the cup and handle formation.
IT is not a investment Advice
