(10 August 2020)USD/TRY Bullish bias above 7.2400.

(10 August 2020)USD/TRY Bullish bias above 7.2400.

10 August 2020, 09:26
Jiming Huang
0
68

tr
Pivot
 (invalidation): 7.2400
Our preference
Long positions above 7.2400 with targets at 7.3650 & 7.4360 in extension.
Alternative scenario
Below 7.2400 look for further downside with 7.1750 & 7.1120 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)


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