EUR/TRY may rise 1621 - 2404 pips

Our pivot point stands at 35.9454.

Our preference

Rebound towards 36.2958.

Alternative scenario

The downside breakout of 35.9454 would call for 35.8138 and 35.7354.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (36.0526) but under its 50 period moving average (36.1272).

Supports and resistances

36.4526 **

36.3742 *

36.2958 **

36.2175

36.0554 last

35.9971

35.9454 **

35.8138 *

35.7354 **

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