(17 April 2020)USD/TRY Bullish bias above 6.9070.

Pivot
 (invalidation): 6.9070
Our preference
Long positions above 6.9070 with targets at 6.9570 & 6.9800 in extension.
Alternative scenario
Below 6.9070 look for further downside with 6.8830 & 6.8550 as targets.
Comment
A support base at 6.9070 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)