USD/TRY to see another leg of uptrend on a break above 18.36 – SocGen
|USD/TRY is near the peak formed last year at 18.36. A break above here would see the pair staging another leg higher, economists at Société Générale report.
Support aligns at 17.80/60
“Once 18.36 is overcome, next leg of uptrend is expected to materialize towards projections of 19.30/19.70.”
“The 50-DMA at 17.80/17.60 is short-term support.”
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