(29 JULY 2019)USD/TRY:Under pressure.

Pivot (invalidation): 5.6770

Our preference

Short positions below 5.6770 with targets at 5.6500 & 5.6260 in extension.

Alternative scenario

Above 5.6770 look for further upside with 5.7010 & 5.7180 as targets.

Comment

As Long as the resistance at 5.6770 is not surpassed, the risk of the break below 5.6500

remains high. 

(By Swissquote TRADING CENTRAL)