(25 March 2020)USD/TRY Under pressure.

(25 March 2020)USD/TRY Under pressure.

25 March 2020, 08:30
Jiming Huang
0
60

tr
Pivot
 (invalidation): 6.4640
Our preference
Short positions below 6.4640 with targets at 6.4130 & 6.3890 in extension.
Alternative scenario
Above 6.4640 look for further upside with 6.5020 & 6.5450 as targets.
Comment
As Long as the resistance at 6.4640 is not surpassed, the risk of the break below 6.4130
remains high.

(By Swissquote TRADING CENTRAL)