(15 October 2019)USD/TRY Towards 5.9530.

(15 October 2019)USD/TRY Towards 5.9530.

15 October 2019, 09:22
Jiming Huang
0
27

tr
Pivot
 (invalidation): 5.9050
Our preference
Long positions above 5.9050 with targets at 5.9370 & 5.9530 in extension.
Alternative scenario
Below 5.9050 look for further downside with 5.8900 & 5.8700 as targets.
Comment
A support base at 5.9050 has formed and has allowed for a temporary stabilisation. The pair
has managed to trade at levels above both 20-period and 50-period moving averages.

(By Swissquote TRADING CENTRAL)


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