(26 March 2020)USD/TRY Bullish bias above 6.4090.

(26 March 2020)USD/TRY Bullish bias above 6.4090.

26 March 2020, 10:29
Jiming Huang
0
52

tr
Pivot
 (invalidation): 6.4090
Our preference
Long positions above 6.4090 with targets at 6.4760 & 6.5100 in extension.
Alternative scenario
Below 6.4090 look for further downside with 6.3720 & 6.3410 as targets.
Comment
A support base at 6.4090 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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