EUR/TRY may rise 1512 - 2241 pips

Our pivot point stands at 37.1672.

Our preference

The upside prevails as long as 37.1672 is support.

Alternative scenario

Below 37.1672, expect 37.0448 and 36.9720.

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 37.2107 and 37.1368).

Supports and resistances

37.6378 **

37.5650 *

37.4922 **

37.4193

37.2681 last

37.2152

37.1672 **

37.0448 *

36.9720 **

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