(07 NOVEMBER 2018)USD/TRY:Under pressure.

(07 NOVEMBER 2018)USD/TRY:Under pressure.

7 November 2018, 09:14
Jiming Huang
0
57

try

Pivot (invalidation): 5.4000

Our preference

Short positions below 5.4000 with targets at 5.2970 & 5.2450 in extension.

Alternative scenario

Above 5.4000 look for further upside with 5.4760 & 5.5280 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)