FxWirePro: USD/TRY hits 1-1/2 week peak, outlook turns bullish
Thursday, June 11, 2020 12:35 PM UTC
- The Turkish Lira slumped to a 1-1/2 week trough as the greenback surged across the board.
- USD/TRY is trading 0.7 percent higher at 6.8193, having hit a high of 6.7680 earlier, its highest since June 2.
- The pair broke above major resistance 21-EMA to hit a 1-1/2 week peak.
- Immediate resistance is located at 6.8256, any close above could take it above 6.8395.
- On the downside, support is seen at 6.7614 and break below could take it near 6.7477 (55-EMA).