USD/TRY Capped By A Negative Trend Line

By
Swissquote Bank SA
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Pivot (invalidation): 5.7700

Our preference Short positions below 5.7700 with targets at 5.7470 & 5.7310 in extension.

lternative scenario Above 5.7700 look for further upside with 5.7810 & 5.7910 as targets.

Comment As Long as the resistance at 5.7700 is not surpassed, the risk of the break below 5.7470 remains high.

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Swissquote Bank SA
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