(17 September 2020)USD/TRY Bullish bias above 7.4730.

Pivot
 (invalidation): 7.4730
Our preference
Long positions above 7.4730 with targets at 7.5210 & 7.5400 in extension.
Alternative scenario
Below 7.4730 look for further downside with 7.4560 & 7.4410 as targets.
Comment
A support base at 7.4730 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)