USDTRY. Breakout of correction. Previous top is a target.
The pair broke above the resistance finishing correction.
The previous top is the minimum target.
Risk/reward more than 2.
US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as risk free interest rate will inrease.
The previous top is the minimum target.
Risk/reward more than 2.
US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as risk free interest rate will inrease.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.