(11 MARCH 2019)USD/TRY:Under pressure.

(11 MARCH 2019)USD/TRY:Under pressure.

11 March 2019, 09:13
Jiming Huang
0
47

try

Pivot (invalidation): 5.4540

Our preference

Short positions below 5.4540 with targets at 5.4220 & 5.3930 in extension.

Alternative scenario

Above 5.4540 look for further upside with 5.4740 & 5.4890 as targets.

Comment

The break below 5.4540 is a negative signal that has opened a path to 5.4220.

(By Swissquote TRADING CENTRAL)

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