EUR/TRY may rise 1749 - 2222 pips

Our pivot point stands at 36.9382.

Our preference

Rebound towards 37.2349.

Alternative scenario

Below 36.9382, expect 36.8589 and 36.8117.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 37.0244 and 37.1090).

Supports and resistances

37.3296 **

37.2822 *

37.2349 **

37.1876

37.0127 last

36.9694

36.9382 **

36.8589 *

36.8117 **

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