The Turkish lira fell to a week low as the dollar stabilized against a basket of currencies. Moreover, selling pressure around the Turkish currency intensified after the World Bank mentioned that the Turkish economy will contract in 2020 but will revive in 2021. The World Bank said it expects the Turkish economy to shrink by 3.8 percent in 2020, after forecasting a 0.5 percent growth in 100th in the previous estimate made in April. The World Bank said in its June 2020 Global Economic Prospects report, published on Monday, that growth in 2021 is likely to rise, at an estimated rate of 5 percent, with domestic demand gradually improving. The USD / TRY pair is trading 0.2 percent higher at 6.7955, after hitting a peak at 6.7959 earlier, its highest level since June 2. Immediate resistance is at 6.8030, and any close above could take the pair to 6.8126 (21-EMA). On the downside, we see support at 6.7614 and a break below it might take it near 6.7452 (55-EMA).