Hello fellow traders!
USD/TRY may have completed its five-wave decline, down from 6.25 region, where a bigger wave B) correction had ended. Latest sharp recovery from the 5.57 area, and above the upper Elliott wave channel line can be a suggestion that wave A of a three-wave recovery is unfolding, which may look for temporary resistance near the 5.80 region. There a pullback as wave B may follow, with support near the 5.64 zone.Resistance for the whole A-B-C consolidation can be near 5.93/6.00 region.