(29 JULY 2020)USD/TRY The upside prevails.

(29 JULY 2020)USD/TRY The upside prevails.

29 July 2020, 09:29
Jiming Huang
0
60

tr
Pivot
 (invalidation): 6.9210
Our preference
Long positions above 6.9210 with targets at 6.9540 & 6.9780 in extension.
Alternative scenario
Below 6.9210 look for further downside with 6.9030 & 6.8850 as targets.
Comment
A support base at 6.9210 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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