(19 February 2020)USD/TRY The upside prevails.

(19 February 2020)USD/TRY The upside prevails.

19 February 2020, 08:53
Jiming Huang
0
31

tr
Pivot
 (invalidation): 6.0540
Our preference
Long positions above 6.0540 with targets at 6.0850 & 6.0950 in extension.
Alternative scenario
Below 6.0540 look for further downside with 6.0440 & 6.0310 as targets.
Comment
A support base at 6.0540 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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