(21 MAY 2019)USD/TRY:Key resistance at 6.0450.

(21 MAY 2019)USD/TRY:Key resistance at 6.0450.

21 May 2019, 09:28
Jiming Huang
0
46

tr

Pivot (invalidation): 6.0450

Our preference

Short positions below 6.0450 with targets at 6.0000 & 5.9850 in extension.

Alternative scenario

Above 6.0450 look for further upside with 6.0740 & 6.0930 as targets.

Comment

As Long as 6.0450 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)


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