(23 March 2020)USD/TRY Bullish bias above 6.5240.

(23 March 2020)USD/TRY Bullish bias above 6.5240.

23 March 2020, 12:59
Jiming Huang
0
60

tr
Pivot
 (invalidation): 6.5240
Our preference
Long positions above 6.5240 with targets at 6.6000 & 6.6300 in extension.
Alternative scenario
Below 6.5240 look for further downside with 6.4930 & 6.4600 as targets.
Comment
A support base at 6.5240 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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