(06 MAY 2020)USD/TRY Target 7.1250.

(06 MAY 2020)USD/TRY Target 7.1250.

6 May 2020, 09:15
Jiming Huang
0
66

tr
Pivot
 (invalidation): 7.0570
Our preference
Long positions above 7.0570 with targets at 7.1000 & 7.1250 in extension.
Alternative scenario
Below 7.0570 look for further downside with 7.0310 & 7.0160 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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