(09 November 2020)USD/TRY The downside prevails.

(09 November 2020)USD/TRY The downside prevails.

9 November 2020, 09:06
Jiming Huang
0
99

rt
Pivot
 (invalidation): 8.4450
Our preference
Short positions below 8.4450 with targets at 8.3170 & 8.2500 in extension.
Alternative scenario
Above 8.4450 look for further upside with 8.5000 & 8.5700 as targets.
Comment
A break below 8.3170 would trigger a drop towards 8.2500.

(By Swissquote TRADING CENTRAL)