Keep your eye on the Turkey Rate Decision today. The Market expectation is 250 basis point interest rate cut in the meeting. We focus on the main resistance level of 5.7679. In order for the upward movement to gain more momentum, it needs to break out 5.7679 and stay above that level on a daily basis. Should this occur, the next resistance levels will be placed at 5.9763. Otherwise, we will follow the key support levels at 5.6027.
Support : 5.6027 - 5.4538 - 5.2883
Resistance : 5.7679 - 5.9763 - 6.1475
12 Sep 19 (Thu)
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