(06 August 2020)USD/TRY Bullish bias above 7.0100.

Pivot
 (invalidation): 7.0100
Our preference
Long positions above 7.0100 with targets at 7.0760 & 7.0990 in extension.
Alternative scenario
Below 7.0100 look for further downside with 6.9860 & 6.9550 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)