(17 DECEMBER 2018)USD/TRY:Bullish bias above 5.3540.

(17 DECEMBER 2018)USD/TRY:Bullish bias above 5.3540.

17 December 2018, 09:02
Jiming Huang
0
50

try

Pivot (invalidation): 5.3540

Our preference

Long positions above 5.3540 with targets at 5.3850 & 5.4050 in extension.

Alternative scenario

Below 5.3540 look for further downside with 5.3350 & 5.3210 as targets.

Comment

A support base at 5.3540 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 


Share it with friends: