EUR/TRY may rise to 35.8504 - 36.2504

Our pivot point is at 34.3690.

Our preference

The upside prevails as long as 34.3690 is support.

Alternative scenario

The downside breakout of 34.3690 would call for 33.7000 and 33.3018.

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 34.7536 and 34.7062).

Supports and resistances

37.0504 **

36.6504 *

36.2504 **

35.8504

35.0217 last

34.6319

34.3690 **

33.7000 *

33.3018 **

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