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USDTRY, February 9, 2021
Overview:
Prices are moving in a short-term downtrend
Expected:
The pair is trading below a strong resistance level around 7.1216, which might push the pair to go downwards to reach the level of 7.0523.
Alternative Scenario:On the other hand, we believe that if the level of 7.1216 is broken to the upside, the pair might be pushed further up to 7.1400.
| Resistance | 7.1400 | 7.1351 | 7.1216 |
| Support | 7.0212 | 7.0322 | 7.0523 |
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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