(29 MARCH 2019)USD/TRY:Further upside.

(29 MARCH 2019)USD/TRY:Further upside.

29 March 2019, 08:54
Jiming Huang
0
62

tr

Pivot (invalidation): 5.5150

Our preference

Long positions above 5.5150 with targets at 5.6100 & 5.6920 in extension.

Alternative scenario

Below 5.5150 look for further downside with 5.4650 & 5.3850 as targets.

Comment

A support base at 5.5150 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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