EUR/TRY may rise 1554 - 2302 pips

Our pivot point stands at 36.6536.

Our preference

As long as 36.6536 is support look for 36.9901.

Alternative scenario

Below 36.6536, expect 36.5279 and 36.4531.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 36.7502 and 36.6776).

Supports and resistances

37.1397 **

37.0649 *

36.9901 **

36.9153

36.7599 last

36.7030

36.6536 **

36.5279 *

36.4531 **

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