EUR/TRY may rise 1168 - 1706 pips

37.5828 is our pivot point.

Our preference

The upside prevails as long as 37.5828 is support.

Alternative scenario

Below 37.5828, expect 37.4924 and 37.4386.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 37.6583 and 37.6314).

Supports and resistances

37.9731 **

37.9192 *

37.8653 **

37.8115

37.6947 last

37.6183

37.5828 **

37.4924 *

37.4386 **

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