(02 AUGUST 2019)USD/TRY:The bias remains bullish.

(02 AUGUST 2019)USD/TRY:The bias remains bullish.

2 August 2019, 09:21
Jiming Huang
0
41

tr

Pivot (invalidation): 5.5880

Our preference

Long positions above 5.5880 with targets at 5.6230 & 5.6450 in extension.

Alternative scenario

Below 5.5880 look for further downside with 5.5610 & 5.5120 as targets.

Comment

The RSI lacks downward momentum

(By Swissquote TRADING CENTRAL)


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