(21 MARCH 2019)USD/TRY:5.4040 expected.

(21 MARCH 2019)USD/TRY:5.4040 expected.

21 March 2019, 08:56
Jiming Huang
0
9

try

Pivot (invalidation): 5.4430

Our preference

Short positions below 5.4430 with targets at 5.4140 & 5.4040 in extension.

Alternative scenario

Above 5.4430 look for further upside with 5.4580 & 5.4710 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)


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