EUR/TRY may fall 1866 - 2648 pips

Our pivot point stands at 35.3212.

Our preference

Target 34.9170.

Alternative scenario

The upside breakout of 35.3212, would call for 35.4528 and 35.5312.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (35.2044) but above its 50 period moving average (35.1691).

Supports and resistances

35.5312 **

35.4528 *

35.3212 **

35.2694

35.1818 last

34.9952

34.9170 **

34.8388 *

34.7606 **

Number of asterisks represents the strength of support and resistance levels.