(04 MAY 2020)USD/TRY 7.0400 expected.

(04 MAY 2020)USD/TRY 7.0400 expected.

4 May 2020, 09:20
Jiming Huang
0
68

tr
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)

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