EUR/TRY may fall 1484 - 2195 pips

35.9916 is our pivot point.

Our preference

The downside prevails as long as 35.9916 is resistance.

Alternative scenario

The upside breakout of 35.9916, would call for 36.1110 and 36.1821.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 35.9376 and 35.9369).

Supports and resistances

36.1821 **

36.1110 *

35.9916 **

35.9446

35.8954 last

35.7470

35.6759 **

35.6048 *

35.5338 **

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