The Turkish Lira rose on rumoursTurkey will cease incursions in Northern Syria in five days. The level to beat for bears is the 5.8200 level. USD/TRY four-hour chart USD/TRY is falling sharply below the 50-period simple moving average (SMA), now challenging the 5.8200 level near the 32.8% Fibonacci (Fib) retracement from the October swing up. If bears keep the pressure on the market can continue to decline towards the 5.7800 level near the 50% Fib retracement and the 100 SMA. Resistance is seen near the 5.8400 level, which was a previous key resistance in early October, and at the 5.9000 which acted as pivotal in mid-October. More here: News conference: US and Turkey have agreed to a ceasefire in Syria – Pence Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next XRP price analysis: XRP/USD bulls smash out of bullish pennant and retest FX Street 4 years The Turkish Lira rose on rumoursTurkey will cease incursions in Northern Syria in five days. The level to beat for bears is the 5.8200 level. USD/TRY four-hour chart USD/TRY is falling sharply below the 50-period simple moving average (SMA), now challenging the 5.8200 level near the 32.8% Fibonacci (Fib) retracement from the October swing up. If bears keep the pressure on the market can continue to decline towards the 5.7800 level near the 50% Fib retracement and the 100 SMA. Resistance is seen near the 5.8400 level, which was a previous key resistance in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
