Contributors Technical Analysis USD/TRY 7.0400 Expected

USD/TRY 7.0400 Expected

Pivot (invalidation): 7.0020

Our preference Long positions above 7.0020 with targets at 7.0290 & 7.0400 in extension.

Alternative scenario Below 7.0020 look for further downside with 6.9890 & 6.9720 as targets.

Comment The RSI lacks downward momentum.

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