EUR/TRY may rise 1476 - 2187 pips

35.6654 is our pivot point.

Our preference

The upside prevails as long as 35.6654 is support.

Alternative scenario

Below 35.6654, expect 35.5464 and 35.4756.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 35.7949 and 35.7029).

Supports and resistances

36.2356 **

36.1646 *

36.0935 **

36.0224

35.8748 last

35.7122

35.6654 **

35.5464 *

35.4756 **

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