(14 JULY 2020)USD/TRY Under pressure.

(14 JULY 2020)USD/TRY Under pressure.

14 July 2020, 08:59
Jiming Huang
0
66

tr
Pivot
 (invalidation): 6.8680
Our preference
Short positions below 6.8680 with targets at 6.8500 & 6.8400 in extension.
Alternative scenario
Above 6.8680 look for further upside with 6.8750 & 6.8820 as targets.
Comment
As Long as the resistance at 6.8680 is not surpassed, the risk of the break below 6.8500
remains high.

(By Swissquote TRADING CENTRAL)