(11 October 2019)USD/TRY Turning down.

(11 October 2019)USD/TRY Turning down.

11 October 2019, 09:06
Jiming Huang
0
26

tr
Pivot
 (invalidation): 5.8620
Our preference
Short positions below 5.8620 with targets at 5.8150 & 5.7860 in extension.
Alternative scenario
Above 5.8620 look for further upside with 5.8950 & 5.9210 as targets.
Comment
The break above 5.8620 is a positive signal that has opened a path to 5.8150. The
descending 50-period moving is maintaining the pair’s intraday bearishness.

(By Swissquote TRADING CENTRAL)


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