European Euro against the Turkish Lira November 5, 2020

Technical Analysis
Thursday, November 05, 2020 - 05:24
Point Trader Group
European Euro against the Turkish Lira November 5, 2020

Overview:

prices are moving in an upward short-term direction.

Expected:

The pair is trading above a strong support level around 9.8352, which enhances chances of a bullish move during today's trading to 9.9516. 

Alternative Scenario:

On the other hand, we see that if the level of 9.8352 is broken to the downside, this pair might push down to 9.7749. 

 

Resistance9.95169.980010.000
Support9.83529.77499.6000

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