(13 February 2020)USD/TRY Bullish bias above 6.0310.

(13 February 2020)USD/TRY Bullish bias above 6.0310.

13 February 2020, 08:49
Jiming Huang
0
25

tr
Pivot
 (invalidation): 6.0310
Our preference
Long positions above 6.0310 with targets at 6.0650 & 6.0790 in extension.
Alternative scenario
Below 6.0310 look for further downside with 6.0110 & 5.9940 as targets.
Comment
A support base at 6.0310 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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