(19 MAY 2020)USD/TRY Key resistance at 6.8950.

(19 MAY 2020)USD/TRY Key resistance at 6.8950.

19 May 2020, 08:55
Jiming Huang
0
74

tr
Pivot
 (invalidation): 6.8950
Our preference
Short positions below 6.8950 with targets at 6.8580 & 6.8370 in extension.
Alternative scenario
Above 6.8950 look for further upside with 6.9190 & 6.9460 as targets.
Comment
As Long as the resistance at 6.8950 is not surpassed, the risk of the break below 6.8580
remains high.

(By Swissquote TRADING CENTRAL)