EUR/TRY may rise 1451 - 2168 pips

36.5621 is our pivot point.

Our preference

The upside prevails as long as 36.5621 is support.

Alternative scenario

The downside breakout of 36.5621 would call for 36.4417 and 36.3701.

Comment

The RSI is above 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 36.6586 and 36.6691).

Supports and resistances

37.0662 **

36.9944 *

36.9227 **

36.8510

36.7059 last

36.6093

36.5621 **

36.4417 *

36.3701 **

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