USDTRY- 21Dec2021USDTRY- 21Dec2021
TRY took a dive after Erdogan initiated a Rescue Plan. (Source: www.bloomberg.com)
On the H4 timeframe, price had a huge sell-off yesterday. We could expect further pull back in price to 1st Support at 11.545 from continued selling and profit taking.
This is for personal record purposes only, not financial advise or solicitation of trade.
21dec21
EURUSD- 21Dec2021EURUSD- 21Dec2021
On the H4 timeframe, price is still consolidating in a parallel channel after the bounce. We will have to monitor 1st Support level at 1.12060 closely to see whether the channel is still intact. Breaking below it will cause EURUSD to go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.