(25 JULY 2019)USD/TRY:5.7400 expected.

(25 JULY 2019)USD/TRY:5.7400 expected.

25 July 2019, 14:28
Jiming Huang
0
52

tr

Pivot (invalidation): 5.6930

Our preference

Long positions above 5.6930 with targets at 5.7280 & 5.7400 in extension.

Alternative scenario

Below 5.6930 look for further downside with 5.6770 & 5.6600 as targets.

Comment

The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL)