(07 August 2020)USD/TRY The bias remains bullish.

Pivot
 (invalidation): 7.1930
Our preference
Long positions above 7.1930 with targets at 7.3100 & 7.3800 in extension.
Alternative scenario
Below 7.1930 look for further downside with 7.1550 & 7.1000 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)