USDTRY, February 4, 2021
Overview:
Prices are moving in a short-term downtrend
Expected:
The pair is trading below a strong resistance level around 7.2035, which might push the index to go downwards to reach the level of 7.0500
Alternative Scenario:
On the other hand, we believe that if the level of 7.2035 is broken to the upside, this pair might be pushed further up to 7.3040.
Resistance | 7.2035 | 7.3040 | 7.3764 |
Support | 7.0500 | 7.0200 | 7.0120 |
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
Related Topics
Latest News
Friday, July 11, 2025 - 18:10
Friday, July 11, 2025 - 15:31
Thursday, July 10, 2025 - 18:09
Wednesday, July 09, 2025 - 20:30
Latest Economic Analysis
Tuesday, May 16, 2023 - 23:36
Tuesday, April 25, 2023 - 15:59
Tuesday, April 18, 2023 - 22:22
Tuesday, April 04, 2023 - 17:13
Latest Education Articles
Tuesday, June 24, 2025 - 22:35
Friday, June 13, 2025 - 13:49
Tuesday, May 20, 2025 - 21:00
Friday, April 25, 2025 - 04:01