(08 OCTOBER 2018)USD/TRY:The bias remains bullish.
Analytics & Forecasts

(08 OCTOBER 2018)USD/TRY:The bias remains bullish.

8 October 2018, 10:32
Jiming Huang
Jiming Huang
0
105

try

Pivot (invalidation): 6.1070

Our preference

Long positions above 6.1070 with targets at 6.1830 & 6.2290 in extension.

Alternative scenario

Below 6.1070 look for further downside with 6.0590 & 6.0270 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

#USD/TRY