EUR/TRY may rise 1472 - 2194 pips

Our pivot point stands at 36.8172.

Our preference

The upside prevails as long as 36.8172 is support.

Alternative scenario

Below 36.8172, expect 36.6960 and 36.6239.

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 36.8749 and 36.8225).

Supports and resistances

37.3286 **

37.2563 *

37.1841 **

37.1119

36.9647 last

36.8648

36.8172 **

36.6960 *

36.6239 **

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