(09 March 2020)USD/TRY Bullish bias above 6.0980.

(09 March 2020)USD/TRY Bullish bias above 6.0980.

9 March 2020, 09:13
Jiming Huang
0
65

tr
Pivot
 (invalidation): 6.0980
Our preference
Long positions above 6.0980 with targets at 6.1840 & 6.2210 in extension.
Alternative scenario
Below 6.0980 look for further downside with 6.0640 & 6.0270 as targets.
Comment
A support base at 6.0980 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)

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