(07 September 2020)USD/TRY Bullish bias above 7.3870.

(07 September 2020)USD/TRY Bullish bias above 7.3870.

7 September 2020, 09:31
Jiming Huang
0
64

tr
Pivot
 (invalidation): 7.3870
Our preference
Long positions above 7.3870 with targets at 7.4760 & 7.5000 in extension.
Alternative scenario
Below 7.3870 look for further downside with 7.3550 & 7.3160 as targets.
Comment
A support base at 7.3870 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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