(14 February 2020)USD/TRY Bullish bias above 6.0290.

(14 February 2020)USD/TRY Bullish bias above 6.0290.

14 February 2020, 09:35
Jiming Huang
0
18

tr
Pivot
 (invalidation): 6.0290
Our preference
Long positions above 6.0290 with targets at 6.0500 & 6.0650 in extension.
Alternative scenario
Below 6.0290 look for further downside with 6.0200 & 6.0070 as targets.
Comment
A support base at 6.0290 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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