(30 JULY 2020)USD/TRY Turning down.

(30 JULY 2020)USD/TRY Turning down.

30 July 2020, 09:19
Jiming Huang
0
73

tr
Pivot
 (invalidation): 7.0000
Our preference
Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.
Alternative scenario
Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.
Comment
The RSI is bearish and calls for further downside

(By Swissquote TRADING CENTRAL)