The price of the Turkish lira varied against the dollar during the early trading on Wednesday.
Enter your emailWe expect the lira to decline, especially after it approached the mentioned resistance levels, as it targets the support levels on the other side.Buy the order for yesterday, as half of the contracts were closed, and the stop-loss point was moved to the entry pointPlace your stop-loss point below the 13.10 support levels.Close half of the contracts with a profit equal to 75 pips and leave the rest of the contracts until the strong resistance levels at 13.79.
This is despite the Turkish government's continued attempts to expand the inclusion of citizens' savings, especially foreign currencies, and gold, within the country's financial system. While controlling the depreciation of the lira while adhering to the country's president's policy of lowering the interest rate despite the rise in inflation in the country to its highest level in nearly twenty years, since the Justice and Development Party came to power in the country.
We expect the lira to decline, especially after it approached the mentioned resistance levels, as it targets the support levels on the other side.Top Forex Brokers
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