(11 November 2019)USD/TRY Bullish bias above 5.7580.

(11 November 2019)USD/TRY Bullish bias above 5.7580.

11 November 2019, 09:13
Jiming Huang
0
26

tr
Pivot
 (invalidation): 5.7580
Our preference
Long positions above 5.7580 with targets at 5.7765 & 5.7860 in extension.
Alternative scenario
Below 5.7580 look for further downside with 5.7460 & 5.7320 as targets.
Comment
A support base at 5.7580 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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