EUR/TRY may rise to 35.8835 - 36.3513

34.1546 is our pivot point.

Our preference

As long as 34.1546 is support look for 36.3513.

Alternative scenario

Below 34.1546, expect 33.3728 and 32.9074.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (34.9133) but above its 50 period moving average (34.8174).

Supports and resistances

37.2869 **

36.8191 *

36.3513 **

35.8835

34.8865 last

34.4618

34.1546 **

33.3728 *

32.9074 **

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