With Brexit ordeal looming over our heads, we have to force ourselves to look for other things to pay attention to. And right now there are a lot of things that might prove to be very interesting to us. And one of them is the situation around Turkey and its attack on Kurdish people of Syria, which happened couple of weeks ago. Ever since then Turkey, as one of the NATO countries was heavily criticized by its fellow NATO countries with situation even going as far as French nationalists calling for excluding the company from the NATO. But we are, of course, more interested in the situation around the economy of the country as well as its national currency – lira.

And the situation is as follows – while war actions are still there, lira is not going to feel stable and surely is not going to find any ground underneath it. There is simply no faith in us that Turkey is not going to stir up even more aggressive actions against Syria and that we are not going to find ourselves with lira plunging even more against the greenback – an actions which would result in USD/TRY chart going even higher.

Right now it is hard to make sense out of Turkish actions as well as the future of lira. But we are hoping that the war is not going to go any further and that we are going to see peace in the region soon.

But until some stability comes, we are going to have to need to use trading signals for the couple.