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

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

14 October 2019, 08:56
Jiming Huang
0
21

tr
Pivot
 (invalidation): 5.8700
Our preference
Long positions above 5.8700 with targets at 5.9180 & 5.9320 in extension.
Alternative scenario
Below 5.8700 look for further downside with 5.8520 & 5.8330 as targets.
Comment
The break above 5.8700 is a positive signal that has opened a path to 5.9180. The pair is
currently supported by the ascending 20-period moving average.

(By Swissquote TRADING CENTRAL)


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