EUR/TRY may rise to 36.7367 - 37.1738

Our pivot point stands at 35.1371.

Our preference

As long as 35.1371 is support look for 37.1738.

Alternative scenario

Below 35.1371, expect 34.4057 and 33.9704.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 35.7371 and 35.3067).

Supports and resistances

38.0482 **

37.6110 *

37.1738 **

36.7367

35.8623 last

35.4244

35.1371 **

34.4057 *

33.9704 **

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