(25 MARCH 2019)USD/TRY:Watch 5.5800.

(25 MARCH 2019)USD/TRY:Watch 5.5800.

25 March 2019, 09:07
Jiming Huang
0
45

try

Pivot (invalidation): 5.7350

Our preference

Short positions below 5.7350 with targets at 5.6200 & 5.5800 in extension.

Alternative scenario

Above 5.7350 look for further upside with 5.7700 & 5.8100 as targets.

Comment

As Long as the resistance at 5.7350 is not surpassed, the risk of the break below 5.6200

remains high. 

(By Swissquote TRADING CENTRAL)