EUR/TRY may rise 1303 - 1935 pips

35.7835 is our pivot point.

Our preference

The upside prevails as long as 35.7835 is support.

Alternative scenario

Below 35.7835, expect 35.6775 and 35.6144.

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 35.8085 and 35.7835).

Supports and resistances

36.1917 **

36.1286 *

36.0655 **

36.0023

35.8720 last

35.8251

35.7835 **

35.6775 *

35.6144 **

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