$USDTRY Forex Signal: Falling to Record Lows -
during European trading this morning, as the lira recorded its lowest level ever against the dollar, after breaking its lowest levels recorded earlier this year.since the beginning of the week, the lira did not witness any positive effect, but rather increased its losses against the American currency, as the bad economic conditions, which are sometimes characterized by an abnormal logic by the Turkish Central, were reflected in the exchange rate of the lira against the dollar.
On the technical front, the Turkish lira fell against the US dollar, climbing to the peak recorded earlier during late last month, as the pair recorded its highest levels ever. The pair is based on theon the four-hour time frame shown on the graph, at the same time the pair is trading the highest support levels that are concentrated at 17.22 and 17.11 levels, respectively. Meanwhile, the lira is trading below the resistance levels at 17.60 and 17.75, respectively.
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