EUR/TRY may rise 1241 - 1739 pips

36.9338 is our pivot point.

Our preference

The upside prevails as long as 36.9338 is support.

Alternative scenario

Below 36.9338, expect 36.8503 and 36.8006.

Comment

The RSI is above its neutrality area at 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 37.0453 and 37.0023).

Supports and resistances

37.3650 **

37.3152 *

37.2653 **

37.2155

37.0914 last

36.9666

36.9338 **

36.8503 *

36.8006 **

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