EUR/TRY may rise 1274 - 1834 pips

Our pivot point stands at 34.9197.

Our preference

The upside prevails as long as 34.9197 is support.

Alternative scenario

Below 34.9197, expect 34.8257 and 34.7698.

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 above its 20 and 50 period moving average (respectively at 34.9526 and 34.9840).

Supports and resistances

35.3144 **

35.2584 *

35.2025 **

35.1465

35.0191 last

34.9566

34.9197 **

34.8257 *

34.7698 **

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