EUR/TRY may rise 1724 - 2450 pips

36.9489 is our pivot point.

Our preference

The upside prevails as long as 36.9489 is support.

Alternative scenario

Below 36.9489, expect 36.8273 and 36.7549.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 37.1065 and 37.0677).

Supports and resistances

37.5411 **

37.4685 *

37.3958 **

37.3232

37.1508 last

36.9966

36.9489 **

36.8273 *

36.7549 **

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