Contributors Technical Analysis USD/TRY: Under Pressure

USD/TRY: Under Pressure

Pivot (invalidation): 7.0000

Our preference Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.

Alternative scenario Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.

Comment The RSI is bearish and calls for further downside.

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