(13 MAY 2020)USD/TRY Key resistance at 7.0100.

(13 MAY 2020)USD/TRY Key resistance at 7.0100.

13 May 2020, 09:01
Jiming Huang
0
69

tr
Pivot
 (invalidation): 7.0100
Our preference
Short positions below 7.0100 with targets at 6.9690 & 6.9510 in extension.
Alternative scenario
Above 7.0100 look for further upside with 7.0330 & 7.0590 as targets.
Comment
Technically the RSI is below its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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