(29 OCTOBER 2018)USD/TRY:The downside prevails.

(29 OCTOBER 2018)USD/TRY:The downside prevails.

29 October 2018, 09:20
Jiming Huang
0
56

try

Pivot (invalidation): 5.6080

Our preference

Short positions below 5.6080 with targets at 5.5580 & 5.5260 in extension.

Alternative scenario

Above 5.6080 look for further upside with 5.6550 & 5.7050 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL) 


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