(07 JULY 2020)USD/TRY Under pressure.

(07 JULY 2020)USD/TRY Under pressure.

7 July 2020, 09:14
Jiming Huang
0
64

tr
Pivot
 (invalidation): 6.8650
Our preference
Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension.
Alternative scenario
Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets.
Comment
As Long as the resistance at 6.8650 is not surpassed, the risk of the break below 6.8530
remains high.

(By Swissquote TRADING CENTRAL)