USDTRY September, 01 2020

Technical Analysis
Tuesday, September 01, 2020 - 15:02
Point Trader Group
USDTRY September, 01 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 7.4055, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 7.2780

Alternative Scenario:

On the other hand, we think that if the level of 7.4055 is broken to the upside, this pair might push up to 7.4450


 

Resistance7.40557.44507.4650
Support7.27807.27507.2700

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