(04 SEPTEMBER 2018)USD/TRY:Bullish bias above 6.5890.

(04 SEPTEMBER 2018)USD/TRY:Bullish bias above 6.5890.

4 September 2018, 09:50
Jiming Huang
0
55

try

Pivot (invalidation): 6.5890

Our preference

Long positions above 6.5890 with targets at 6.7000 & 6.7940 in extension.

Alternative scenario

Below 6.5890 look for further downside with 6.5165 & 6.4000 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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