(03 August  2020)USD/TRY Bullish bias above 6.9550.

(03 August 2020)USD/TRY Bullish bias above 6.9550.

3 August 2020, 09:24
Jiming Huang
0
63

ty
Pivot
 (invalidation): 6.9550
Our preference
Long positions above 6.9550 with targets at 7.0070 & 7.0250 in extension.
Alternative scenario
Below 6.9550 look for further downside with 6.9350 & 6.9170 as targets.
Comment
A support base at 6.9550 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)