(15 JULY 2019)USD/TRY:Bullish bias above 5.7030.

(15 JULY 2019)USD/TRY:Bullish bias above 5.7030.

15 July 2019, 08:56
Jiming Huang
0
55

tr

Pivot (invalidation): 5.7030

Our preference

Long positions above 5.7030 with targets at 5.7330 & 5.7580 in extension.

Alternative scenario

Below 5.7030 look for further downside with 5.6900 & 5.6700 as targets.

Comment

The RSI lacks downward momentum

(By Swissquote TRADING CENTRAL)