(26 JULY 2019)USD/TRY:Continuation of the rebound.

(26 JULY 2019)USD/TRY:Continuation of the rebound.

26 July 2019, 10:13
Jiming Huang
0
42

tr

Pivot (invalidation): 5.6770

Our preference

Long positions above 5.6770 with targets at 5.7190 & 5.7400 in extension.

Alternative scenario

Below 5.6770 look for further downside with 5.6600 & 5.6390 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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