(14 MAY 2019)USD/TRY:Bullish bias above 6.0400.

(14 MAY 2019)USD/TRY:Bullish bias above 6.0400.

14 May 2019, 09:29
Jiming Huang
0
44

tr

Pivot (invalidation): 6.0400

Our preference

Long positions above 6.0400 with targets at 6.1280 & 6.1600 in extension.

Alternative scenario

Below 6.0400 look for further downside with 5.9900 & 5.9530 as targets.

Comment

A support base at 6.0400 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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