EUR/TRY may rise 1500 - 2206 pips

Our pivot point is at 35.4798.

Our preference

Rebound towards 35.8457.

Alternative scenario

Below 35.4798, expect 35.3614 and 35.2910.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 35.6286 and 35.6779).

Supports and resistances

35.9868 **

35.9162 *

35.8457 **

35.7751

35.6251 last

35.5263

35.4798 **

35.3614 *

35.2910 **

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