(03 December 2020)USD/TRY Bullish bias above 7.7960.

(03 December 2020)USD/TRY Bullish bias above 7.7960.

3 December 2020, 09:05
Jiming Huang
0
55

tr
Pivot
 (invalidation): 7.7960
Our preference
Long positions above 7.7960 with targets at 7.8800 & 7.9150 in extension.
Alternative scenario
Below 7.7960 look for further downside with 7.7660 & 7.7390 as targets.
Comment
A support base at 7.7960 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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