(05 JULY 2019)USD/TRY:Rebound expected.

(05 JULY 2019)USD/TRY:Rebound expected.

5 July 2019, 08:59
Jiming Huang
0
45

tr

Pivot (invalidation): 5.5920

Our preference

Long positions above 5.5920 with targets at 5.6260 & 5.6480 in extension.

Alternative scenario

Below 5.5920 look for further downside with 5.5770 & 5.5530 as targets.

Comment

The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)

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