• The Turkish Lira plunged to a fresh 1-1/2 year trough despite efforts by state lenders to flood the market with dollars even as central bank reserves decline
   
• USD/TRY is trading 1.8 percent higher at 6.7158, having hit a high of 6.7236 earlier, its highest since September 2018. 
   
• On Thursday, the retraced from the recent peak but found strong support at 5-DMA. 
   
• Momentum indicators are bullish, likely to break above 6.7300. 
   
• Immediate resistance is located at 6.7348, any close above could take it above 6.7408.
   
• On the downside, support is seen at 6.5612 (7-EMA)  and break below could take it near 6.5456.