(12 MAY 2020)USD/TRY The downside prevails.

(12 MAY 2020)USD/TRY The downside prevails.

12 May 2020, 13:37
Jiming Huang
0
59

tr
Pivot
 (invalidation): 7.0840
Our preference
Short positions below 7.0840 with targets at 7.0460 & 7.0160 in extension.
Alternative scenario
Above 7.0840 look for further upside with 7.1060 & 7.1340 as targets.
Comment
The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)

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