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As each decline of the pair represents a good buying opportunity, please adhere to the numbers in the recommendation, with the need to maintain capital management. The chance of the lira rising against the dollar is still weak, as the pair is heading in a general bullish direction in general. While the lira is trading below the resistance levels at 18.16 and 18.33, respectively. The pair traded the highest support levels, which are concentrated at 18.08 and 17.98 levels, respectively. The pair is also trading above the moving averages 50, 100 and 200, respectively, on the four-hour time frame as well as on the 60-minute time frame, indicating the long-term bullish trend. The US dollar pair against the Turkish lira traded near its highest levels during 2022, as the pair returned to trading in a narrow trading range, which is shown on the chart. Which reflects the continuing pressures on the price of the lira during the coming period. This means that the bank's next steps will be limited to stabilizing or reducing interest rates. With these statements, the Turkish president, who has effective control over the Central Bank of Turkey, cut off any hope of tightening monetary policy in the country. He also called on citizens to trust his economic model. He also expressed his regret over the high inflation figures as he called for the impact of this inflation on the economy, explaining that the country does not need to raise the interest rate as the country does not need hot money. The Turkish President said that the Turkish government will face the high cost of living starting from the first months of 2023.

The USD/TRY has stabilized at its lowest levels during the current year, as investors followed the statements made by Turkish President Recep Tayyip Erdogan, whose purpose was to provide some reassurance. OPEN A FREE DEMO ACCOUNT Analysis of the Turkish lira

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