(22 MAY 2019)USD/TRY:Bullish bias above 6.0410.

(22 MAY 2019)USD/TRY:Bullish bias above 6.0410.

22 May 2019, 09:12
Jiming Huang
0
12

tr

Pivot (invalidation): 6.0410

Our preference

Long positions above 6.0410 with targets at 6.0740 & 6.0930 in extension.

Alternative scenario

Below 6.0410 look for further downside with 6.0190 & 6.0000 as targets.

Comment

A support base at 6.0410 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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