(12 JULY 2019)USD/TRY:Rebound.

Pivot (invalidation): 5.6440

Our preference

Long positions above 5.6440 with targets at 5.7170 & 5.7400 in extension.

Alternative scenario

Below 5.6440 look for further downside with 5.6190 & 5.5880 as targets.

Comment

The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)