(22 MAY 2020)USD/TRY Bullish bias above 6.7760.

(22 MAY 2020)USD/TRY Bullish bias above 6.7760.

22 May 2020, 13:40
Jiming Huang
0
37

TR
Pivot
 (invalidation): 6.7760
Our preference
Long positions above 6.7760 with targets at 6.8100 & 6.8260 in extension.
Alternative scenario
Below 6.7760 look for further downside with 6.7610 & 6.7470 as targets.
Comment
A support base at 6.7760 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)

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