(07 February 2020)USD/TRY Key resistance at 5.9890.

(07 February 2020)USD/TRY Key resistance at 5.9890.

7 February 2020, 08:59
Jiming Huang
0
30

tr
Pivot
 (invalidation): 5.9890
Our preference
Short positions below 5.9890 with targets at 5.9780 & 5.9720 in extension.
Alternative scenario
Above 5.9890 look for further upside with 5.9930 & 6.0000 as targets.
Comment
The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)

Share it with friends: