EUR/TRY may rise to 36.6061 - 37.1499

34.6318 is our pivot point.

Our preference

The upside prevails as long as 34.6318 is support.

Alternative scenario

Below 34.6318, expect 33.7227 and 33.1815.

Comment

The RSI is above its neutrality area at 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 35.1455 and 34.9988).

Supports and resistances

38.2375 **

37.6937 *

37.1499 **

36.6061

35.5091 last

34.9890

34.6318 **

33.7227 *

33.1815 **

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