EUR/TRY may rise to 36.9068 - 37.3997

Our pivot point is at 35.1305.

Our preference

The upside prevails as long as 35.1305 is support.

Alternative scenario

Below 35.1305, expect 34.3057 and 33.8148.

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 trading above both its 20 and 50 period moving average (respectively at 35.5629 and 35.2316).

Supports and resistances

38.3855 **

37.8926 *

37.3997 **

36.9068

35.8764 last

35.4546

35.1305 **

34.3057 *

33.8148 **

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