(20 MAY 2020)USD/TRY Rebound expected.

(20 MAY 2020)USD/TRY Rebound expected.

20 May 2020, 09:25
Jiming Huang
0
71

tr
Pivot
 (invalidation): 6.7640
Our preference
Long positions above 6.7640 with targets at 6.8050 & 6.8260 in extension.
Alternative scenario
Below 6.7640 look for further downside with 6.7470 & 6.7300 as targets.
Comment
A support base at 6.7640 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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