(10 March 2020)USD/TRY Bullish bias above 6.1250.

(10 March 2020)USD/TRY Bullish bias above 6.1250.

10 March 2020, 09:10
Jiming Huang
0
64

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Pivot
 (invalidation): 6.1250
Our preference
Long positions above 6.1250 with targets at 6.1630 & 6.1820 in extension.
Alternative scenario
Below 6.1250 look for further downside with 6.0890 & 6.0640 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)

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