EUR/TRY may rise 1181 - 1739 pips

34.8633 is our pivot point.

Our preference

The upside prevails as long as 34.8633 is support.

Alternative scenario

Below 34.8633, expect 34.7695 and 34.7137.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 34.8990 and 34.9449).

Supports and resistances

35.2487 **

35.1928 *

35.1369 **

35.0811

34.9630 last

34.9002

34.8633 **

34.7695 *

34.7137 **

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