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

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

14 May 2020, 08:48
Jiming Huang
0
62

tr
Pivot
 (invalidation): 6.9960
Our preference
Short positions below 6.9960 with targets at 6.9510 & 6.9300 in extension.
Alternative scenario
Above 6.9960 look for further upside with 7.0330 & 7.0590 as targets.
Comment
The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)

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