(13 DECEMBER 2018)USD/TRY:Bullish bias above 5.3300.

(13 DECEMBER 2018)USD/TRY:Bullish bias above 5.3300.

13 December 2018, 13:26
Jiming Huang
0
46

tr6

Pivot (invalidation): 5.3300

Our preference

Long positions above 5.3300 with targets at 5.3700 & 5.4000 in extension.

Alternative scenario

Below 5.3300 look for further downside with 5.3050 & 5.2680 as targets.

Comment

A support base at 5.3300 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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