(25 November 2019)USD/TRY Bullish bias above 5.7060.

(25 November 2019)USD/TRY Bullish bias above 5.7060.

25 November 2019, 08:57
Jiming Huang
0
30

rtr
Pivot
 (invalidation): 5.7060
Our preference
Long positions above 5.7060 with targets at 5.7220 & 5.7310 in extension.
Alternative scenario
Below 5.7060 look for further downside with 5.6980 & 5.6880 as targets.
Comment
A support base at 5.7060 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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