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

Pivot
 (invalidation): 7.3490
Our preference
Long positions above 7.3490 with targets at 7.4000 & 7.4370 in extension.
Alternative scenario
Below 7.3490 look for further downside with 7.3100 & 7.2770 as targets.
Comment
The break above 7.3490 is a positive signal that has opened a path to 7.4000.

(By Swissquote TRADING CENTRAL)