EUR/TRY may rise 1237 - 1711 pips

Our pivot point stands at 37.0903.

Our preference

The upside prevails as long as 37.0903 is support.

Alternative scenario

Below 37.0903, expect 37.0107 and 36.9634.

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 37.0806 and 37.0833).

Supports and resistances

37.4531 **

37.4057 *

37.3582 **

37.3108

37.1871 last

37.1215

37.0903 **

37.0107 *

36.9634 **

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