(11 December 2019)USD/TRY The bias remains bullish.

(11 December 2019)USD/TRY The bias remains bullish.

11 December 2019, 09:50
Jiming Huang
0
26

tr
Pivot
 (invalidation): 5.7890
Our preference
Long positions above 5.7890 with targets at 5.8180 & 5.8330 in extension.
Alternative scenario
Below 5.7890 look for further downside with 5.7680 & 5.7500 as targets.
Comment
A support base at 5.7890 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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