(06 October 2020)USD/TRY Bullish bias above 7.7460.

(06 October 2020)USD/TRY Bullish bias above 7.7460.

6 October 2020, 09:07
Jiming Huang
0
76

tr
Pivot
 (invalidation): 7.7460
Our preference
Long positions above 7.7460 with targets at 7.7690 & 7.7860 in extension.
Alternative scenario
Below 7.7460 look for further downside with 7.7190 & 7.6900 as targets.
Comment
A support base at 7.7460 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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