(04 March 2020)USD/TRY Continuation of the rebound.

(04 March 2020)USD/TRY Continuation of the rebound.

4 March 2020, 09:05
Jiming Huang
0
71

tr
Pivot
 (invalidation): 6.0820
Our preference
Long positions above 6.0820 with targets at 6.1260 & 6.1550 in extension.
Alternative scenario
Below 6.0820 look for further downside with 6.0480 & 6.0250 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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