USDTRY currency pair is moving in a 250-pips range shown in the chart below. Support located near 2.8840 coincides with the trend line led from the low of the last day of June. If you get there a strong buying signal, the price should be bounce back and return to resistance near 2.9035.

If that did not happen, closing significantly under area of support will be an opportunity to sell and move towards the next level of defense at 2.8725.

1407-USDTRY


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