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USDTRY 31.03.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 8.4764, which enhances the downside chances during the coming period to reach 8.1000.
Alternative scenario:
On the other hand, we think that if the 8.4764 level is broken to the upside, this pair might push up to $ 8.9000.
Resistance | 8.4764 | 8.7000 | 8.9000 |
Support | 8.1000 | 8.0000 | 7.9500 |
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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