(04 MAY 2020)USD/TRY 7.0400 expected.

Pivot
 (invalidation): 7.0020
Our preference
Long positions above 7.0020 with targets at 7.0290 & 7.0400 in extension.
Alternative scenario
Below 7.0020 look for further downside with 6.9890 & 6.9720 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)