(17 August 2020)USD/TRY Bullish bias above 7.3490.

Pivot
 (invalidation): 7.3490
Our preference
Long positions above 7.3490 with targets at 7.3850 & 7.4000 in extension.
Alternative scenario
Below 7.3490 look for further downside with 7.3180 & 7.2970 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)