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USDTRY 12.01.2021
Overview:
The pair is trading below a strong resistance level around 7.5024, which enhances downside chances during today's trading
Expected:
Continuing to trade below the aforementioned resistance level, may push the pair down to 7.3050
Alternative Scenario:
On the other hand, we think that if the level of 7.5024 was broken to the upside, the pair might rise to 7.6855
| Resistance | 7.5024 | 7.6855 | 7.6925 |
| Support | 7.3050 | 7.2750 | 7.2589 |
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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