EUR/TRY may rise 1137 - 1628 pips

Our pivot point stands at 35.0337.

Our preference

As long as 35.0337 is support look for 35.2821.

Alternative scenario

Below 35.0337, expect 34.9514 and 34.9025.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 35.1057 and 35.0539).

Supports and resistances

35.3801 **

35.3311 *

35.2821 **

35.2330

35.1193 last

35.0661

35.0337 **

34.9514 *

34.9025 **

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