- The Turkish Lira surged, hovering towards a to a 2-1/2 week peak hit in the previous session on upbeat consumer confidence data.
- Turkey's consumer confidence increased to 7-month high of 59.9 in November from 57.0 in the previous month
- The pair broke below major support at 200-DMA and now its acting as resistance.
- USD/TRY is currently trading 0.1 percent down at 5.6911, having hit a low of 5.6859 on Wednesday, its lowest since November 4.
- Momentum indicators are bearish - RSI weak at 39.82, MACD supports downside and Stochs are biased lower.
- Immediate resistance level is located at 5.7222 (5-DMA), any close above could take it above 5.7369 (21-DMA).
- On the downside, support is seen at 5.6814, and break below could take it near 5.6600.
Recommendation: Good to sell on rallies around 5.6951 with stop loss of 5.7098, and target price of 5.6694.


FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 



