EUR/TRY may rise to 36.5054 - 37.0515

Our pivot point stands at 34.5837.

Our preference

The upside prevails as long as 34.5837 is support.

Alternative scenario

Below 34.5837, expect 33.6693 and 33.1250.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 34.9850 and 34.8203).

Supports and resistances

38.1435 **

37.5975 *

37.0515 **

36.5054

35.4064 last

34.9430

34.5837 **

33.6693 *

33.1250 **

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