(31 JULY 2020)USD/TRY Under pressure.

(31 JULY 2020)USD/TRY Under pressure.

31 July 2020, 09:15
Jiming Huang
0
81

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)