ed_ Posted October 23, 2018 Posted October 23, 2018 Do not play against the trend - it's a golden rule.When the country does not care for its currency, there is no "certain resistance" where you can shorten. At some point an uncontrolled sale takes place, which leads to the hyperbole. Here is a fresh example: EUR/TRY In a sense, each hyperbole can be described, i.e. determine its resistance. In our example of the Turkish Lira there was a break from a long-term growth channel. His range was simple and for a time the currency rate was under control.However, Erdogan's actions resulted in a retreat from the lyre and a huge sale. 1
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