Contributors Technical Analysis USD/TRY Watch 5.5800

USD/TRY Watch 5.5800

Pivot (invalidation): 5.7350

Our preference Short positions below 5.7350 with targets at 5.6200 & 5.5800 in extension.

Alternative scenario Above 5.7350 look for further upside with 5.7700 & 5.8100 as targets.

Comment As Long as the resistance at 5.7350 is not surpassed, the risk of the break below 5.6200 remains high.

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