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USDTRY 15.04.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
The above chart shows that the pair is trading above a strong support level around 8.0000, which enhances the chances of a bullish move during the next period to 8.2300.
Alternative scenario:
On the other hand, we see that if the 8.0000 level is broken to the downside, this pair may push further down to 7.9000 and from it to 7.8000.
| Resistance levels | 8.2300 | 8.4000 | 8.5000 |
| Support levels | 8.0000 | 7.9000 | 7.8000 |
*Risk Disclaimer: 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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