(21 October 2019)USD/TRY Rebound.

(21 October 2019)USD/TRY Rebound.

21 October 2019, 08:56
Jiming Huang
0
27

  tr
Pivot
 (invalidation): 5.7760
Our preference
Long positions above 5.7760 with targets at 5.8060 & 5.8290 in extension.
Alternative scenario
Below 5.7760 look for further downside with 5.7620 & 5.7420 as targets.
Comment
The RSI advocates for further upside. The pair has just formed a bullish pattern of higher lows.

(By Swissquote TRADING CENTRAL)

Share it with friends: