USDTRY 03.03.2021

Technical Analysis
Wednesday, March 03, 2021 - 10:51
Point Trader Group

Overview:

Prices are moving in an upward direction

Expected:

The pair is trading above a strong support level around 7.2954, which enhances chances of a bullish move during the day  to 7.4087

Alternative Scenario: 

On the other hand, we think that if the level of 7.2954 is broken to the downside, it may push the pair further down to 7.2472.

 

Resistance7.40877.44107.4571
Support7.29547.24727.2300

 

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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