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USD/TRY Drifts Higher into US Jobless Claims; Spot holding above 200dma

TURKEY
  • USD/TRY also suffering a bit as a result of USD strength in the lead-up to jobless claims
  • price action now re-testing the 200dma at 7.3309 and holding marginally above.
  • formation of a bullish hammer candle in a close above the 200DMA today may stem some TRY optimism in the short-term
  • Reports coming through of the Turkish coastguard harassing a Greek vessel
  • Res1: 7.3483, Res2:7.4117
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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