Contributors Technical Analysis USD/TRY Rebound Expected

USD/TRY Rebound Expected

Pivot (invalidation): 5.7350

Our preference Long positions above 5.7350 with targets at 5.7510 & 5.7610 in extension.

Alternative scenario Below 5.7350 look for further downside with 5.7260 & 5.7180 as targets.

Comment The RSI has just landed on its neutrality area at 50% and is turning up.

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