Expanding economic concerns for the Turkish Lira. See them here:
Place a stop loss point to close below the 19.39 level.Close half of the contracts with a profit equal to 70 pips and leave the remaining contracts until the strong resistance level at 25.00.The best points for placing a stop loss close to the highest level of 20.15.Close half of the contracts with a profit equal to 70 pips and leave the rest of the contracts until the support level at 19.75.
Speaking to supporters in Istanbul, Erdogan expressed his gratitude for the overwhelming support, noting that his supporters have successfully completed both rounds of the presidential elections. As for economic expectations, Morgan Stanley predicted that the Turkish lira would lose about 30% of its value after Erdogan's victory, as the bank attributed that to the unconventional monetary policy pursued by the Turkish president, who pledged to maintain it, while the Turkish president promised that a team of experts would take over the economic issue after the election.
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