EUR/TRY may rise 1630 - 2402 pips

37.3648 is our pivot point.

Our preference

The upside prevails as long as 37.3648 is support.

Alternative scenario

The downside breakout of 37.3648 would call for 37.2353 and 37.1582.

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 37.4578 and 37.4041).

Supports and resistances

37.9001 **

37.8229 *

37.7457 **

37.6685

37.5055 last

37.4157

37.3648 **

37.2353 *

37.1582 **

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