USD/TRY may rise 1559 - 2199 pips

32.7838 is our pivot point.

Our preference

The upside prevails as long as 32.7838 is support.

Alternative scenario

The downside breakout of 32.7838 would call for 32.6766 and 32.6128.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.9007 and 32.8646).

Supports and resistances

33.3359 **

33.2718 *

33.2077 **

33.1437

32.9878 last

32.8259

32.7838 **

32.6766 *

32.6128 **

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