EUR/TRY may rise to 35.8471 - 36.1871

Our pivot point stands at 34.5869.

Our preference

The upside prevails as long as 34.5869 is support.

Alternative scenario

Below 34.5869, expect 34.0178 and 33.6791.

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 trading above both its 20 and 50 period moving average (respectively at 34.9145 and 34.8027).

Supports and resistances

36.8672 **

36.5271 *

36.1871 **

35.8471

35.1042 last

34.8105

34.5869 **

34.0178 *

33.6791 **

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