(05 October 2020)USD/TRY Bullish bias above 7.7190.

(05 October 2020)USD/TRY Bullish bias above 7.7190.

5 October 2020, 09:13
Jiming Huang
0
100

tr
Pivot
 (invalidation): 7.7190
Our preference
Long positions above 7.7190 with targets at 7.7860 & 7.8250 in extension.
Alternative scenario
Below 7.7190 look for further downside with 7.6900 & 7.6650 as targets.
Comment
A support base at 7.7190 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)