(01 MAY 2020)USD/TRY Bullish bias above 6.9750.

(01 MAY 2020)USD/TRY Bullish bias above 6.9750.

1 May 2020, 09:20
Jiming Huang
0
70

tr
Pivot
 (invalidation): 6.9750
Our preference
Long positions above 6.9750 with targets at 6.9990 & 7.0070 in extension.
Alternative scenario
Below 6.9750 look for further downside with 6.9620 & 6.9480 as targets.
Comment
A support base at 6.9750 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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