Turkey’s central bank held an extraordinary meeting Wednesday to “discuss recent developments” with the Lira accelerating in a steep decline these past weeks. The 300bp rate hike triggered a remarkable FX response.
Expertise: Fundamental and Technical
Average Timeframe of Trade: 2 - 10 Days
Martin Essex, MSTA
Analyst and Editor
Prepare to Short EURCHF
Expertise: Economics and Technical Analysis
Average Timeframe of Trade: Next few days
The current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.
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