(05 MARCH 2019)USD/TRY:The upside prevails.

(05 MARCH 2019)USD/TRY:The upside prevails.

5 March 2019, 09:05
Jiming Huang
0
43

try

Pivot (invalidation): 5.3670

Our preference

Long positions above 5.3670 with targets at 5.3980 & 5.4050 in extension.

Alternative scenario

Below 5.3670 look for further downside with 5.3490 & 5.3340 as targets.

Comment

A support base at 5.3670 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)