(29 October 2019)USD/TRY Key resistance at 5.7500.

(29 October 2019)USD/TRY Key resistance at 5.7500.

29 October 2019, 09:12
Jiming Huang
0
56

tr
Pivot
 (invalidation): 5.7500
Our preference
Short positions below 5.7500 with targets at 5.7100 & 5.6930 in extension.
Alternative scenario
Above 5.7500 look for further upside with 5.7740 & 5.7900 as targets.
Comment
As Long as the resistance at 5.7500 is not surpassed, the risk of the break below 5.7100
remains high.

(By Swissquote TRADING CENTRAL)