(04 JUNE 2020)USD/TRY Bullish bias above 6.7110.

(04 JUNE 2020)USD/TRY Bullish bias above 6.7110.

4 June 2020, 09:05
Jiming Huang
0
84

tr
Pivot
 (invalidation): 6.7110
Our preference
Long positions above 6.7110 with targets at 6.7470 & 6.7670 in extension.
Alternative scenario
Below 6.7110 look for further downside with 6.6880 & 6.6680 as targets.
Comment
A support base at 6.7110 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)