EUR/TRY may rise 1890 - 2671 pips

37.6779 is our pivot point.

Our preference

As long as 37.6779 is support look for 38.1878.

Alternative scenario

Below 37.6779, expect 37.5472 and 37.4695.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 37.9159 and 37.8463).

Supports and resistances

38.3440 **

38.2659 *

38.1878 **

38.1097

37.9207 last

37.7292

37.6779 **

37.5472 *

37.4695 **

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