(16 October 2020)USD/TRY Bullish bias above 7.9190.

(16 October 2020)USD/TRY Bullish bias above 7.9190.

16 October 2020, 09:21
Jiming Huang
0
71

tr
Pivot
 (invalidation): 7.9190
Our preference
Long positions above 7.9190 with targets at 7.9500 & 7.9620 in extension.
Alternative scenario
Below 7.9190 look for further downside with 7.9070 & 7.8940 as targets.
Comment
A support base at 7.9190 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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