EUR/TRY may rise 1639 - 2443 pips

Our pivot point stands at 35.3608.

Our preference

The upside prevails as long as 35.3608 is support.

Alternative scenario

Below 35.3608, expect 35.2257 and 35.1453.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 35.3453 and 35.2956).

Supports and resistances

35.8792 **

35.7987 *

35.7183 **

35.6379

35.4740 last

35.4138

35.3608 **

35.2257 *

35.1453 **

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