(16 April 2020)USD/TRY The bias remains bullish.

(16 April 2020)USD/TRY The bias remains bullish.

16 April 2020, 08:56
Jiming Huang
0
62

tr
Pivot
 (invalidation): 6.8700
Our preference
Long positions above 6.8700 with targets at 6.9240 & 6.9500 in extension.
Alternative scenario
Below 6.8700 look for further downside with 6.8240 & 6.7950 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)

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