#USDTRY @ 18.2401 to see another leg of uptrend on a break above 18.36 – SocGen
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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.
“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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