EUR/TRY may rise 1503 - 2249 pips

Our pivot point is at 36.5349.

Our preference

The upside prevails as long as 36.5349 is support.

Alternative scenario

Below 36.5349, expect 36.4096 and 36.3351.

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 36.6413 and 36.6373).

Supports and resistances

37.0506 **

36.9760 *

36.9013 **

36.8267

36.6764 last

36.5841

36.5349 **

36.4096 *

36.3351 **

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