EUR/TRY may rise 2066 - 2917 pips

37.9065 is our pivot point.

Our preference

The upside prevails as long as 37.9065 is support.

Alternative scenario

Below 37.9065, expect 37.7637 and 37.6787.

Comment

The RSI is above its neutrality area at 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 38.0201 and 38.0114).

Supports and resistances

38.5061 **

38.4210 *

38.3358 **

38.2507

38.0441 last

37.9626

37.9065 **

37.7637 *

37.6787 **

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