(07 MAY 2019)USD/TRY:Further upside.

(07 MAY 2019)USD/TRY:Further upside.

7 May 2019, 10:26
Jiming Huang
0
46

tr

Pivot (invalidation): 6.0390

Our preference

Long positions above 6.0390 with targets at 6.1175 & 6.1500 in extension.

Alternative scenario

Below 6.0390 look for further downside with 6.0030 & 5.9775 as targets.

Comment

The RSI lacks downward momentum

(By Swissquote TRADING CENTRAL)

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