USDTRY : A Reversal Could Be In The Cards

On USDTRY we are still tracking an upward correction since November, which can be a zigzag with an ending diagonal still unfolding in wave (C). So based on short-term swings we may see a retest of 2.9600 area and then final push up to 3.0000 to complete current upward cycle. That said, price may turn down later this week.

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