EUR/TRY may rise 2656 - 3442 pips

Our pivot point stands at 35.8847.

Our preference

Rebound towards 36.3597.

Alternative scenario

Below 35.8847, expect 35.7533 and 35.6751.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 36.0627 and 36.1600).

Supports and resistances

36.5167 **

36.4382 *

36.3597 **

36.2811

36.0155 last

35.9364

35.8847 **

35.7533 *

35.6751 **

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