EUR/TRY may fall to 36.3146 - 36.6441

Our pivot point stands at 37.8557.

Our preference

The downside prevails as long as 37.8557 is resistance.

Alternative scenario

Above 37.8557, look for 38.4110 and 38.7415.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 37.8169 and 37.6250).

Supports and resistances

38.7415 **

38.4110 *

37.8557 **

37.6376

37.3739 last

36.6441

36.3146 **

35.9851 *

35.6557 **

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