(08 AUGUST 2019)USD/TRY:5.4500 expected.

(08 AUGUST 2019)USD/TRY:5.4500 expected.

8 August 2019, 09:21
Jiming Huang
0
65

tr

Pivot (invalidation): 5.5000

Our preference

Short positions below 5.5000 with targets at 5.4680 & 5.4500 in extension.

Alternative scenario

Above 5.5000 look for further upside with 5.5170 & 5.5320 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)

Share it with friends: