(20 November 2019)USD/TRY Rebound expected.

(20 November 2019)USD/TRY Rebound expected.

20 November 2019, 09:02
Jiming Huang
0
60

tr
Pivot
 (invalidation): 5.6910
Our preference
Long positions above 5.6910 with targets at 5.7210 & 5.7400 in extension.
Alternative scenario
Below 5.6910 look for further downside with 5.6780 & 5.6650 as targets.
Comment
A support base at 5.6910 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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