(10 October 2019)USD/TRY The upside prevails.

(10 October 2019)USD/TRY The upside prevails.

10 October 2019, 09:58
Jiming Huang
0
21

tr
Pivot
 (invalidation): 5.8450
Our preference
Long positions above 5.8450 with targets at 5.8950 & 5.9210 in extension.
Alternative scenario
Below 5.8450 look for further downside with 5.8150 & 5.7860 as targets.
Comment
The break above 5.8450 is a positive signal that has opened a path to 5.8950. The pair has
finally broken above the key resistance at 5.8450, which is now playing the role as a key
support.

(By Swissquote TRADING CENTRAL)


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