USD/TRY may fall 2628 - 3272 pips

Our pivot point stands at 33.0003.

Our preference

The downside prevails as long as 33.0003 is resistance.

Alternative scenario

Above 33.0003, look for 33.1090 and 33.1737.

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 32.9603 and 32.9484).

Supports and resistances

33.1737 **

33.1090 *

33.0003 **

32.9577

32.9110 last

32.6482

32.5838 **

32.5194 *

32.4550 **

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