(14 April 2020)USD/TRY Bullish bias above 6.7550.

(14 April 2020)USD/TRY Bullish bias above 6.7550.

14 April 2020, 09:14
Jiming Huang
0
69

tr
Pivot
 (invalidation): 6.7550
Our preference
Long positions above 6.7550 with targets at 6.7950 & 6.8150 in extension.
Alternative scenario
Below 6.7550 look for further downside with 6.7280 & 6.7000 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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