(01 November 2019)USD/TRY Towards 5.6920.

(01 November 2019)USD/TRY Towards 5.6920.

1 November 2019, 09:27
Jiming Huang
0
74

tr
Pivot
 (invalidation): 5.7270
Our preference
Short positions below 5.7270 with targets at 5.6920 & 5.6820 in extension.
Alternative scenario
Above 5.7270 look for further upside with 5.7400 & 5.7520 as targets.
Comment
As Long as the resistance at 5.7270 is not surpassed, the risk of the break below 5.6920
remains high.

(By Swissquote TRADING CENTRAL)