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

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)