EUR/TRY may rise 1039 - 1514 pips

Our pivot point stands at 37.1883.

Our preference

Rebound towards 37.4302.

Alternative scenario

Below 37.1883, expect 37.1085 and 37.0610.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (37.2665) but below its 50 period moving average (37.3119).

Supports and resistances

37.5253 **

37.4777 *

37.4302 **

37.3827

37.2788 last

37.2197

37.1883 **

37.1085 *

37.0610 **

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