After fed news and optimistic environment usdtry is trading red but we think that supports are strong.
It is very unlikely to price to break the trendline, even it breaks, prices speacially lower than 5.50 can't be sustained.
Either way we foresee higher price levels. If 5.65 holds we may see a rally higher from this .618 fibonacci level
Thank you for supporting our team with your likes.
Good luck.
It is very unlikely to price to break the trendline, even it breaks, prices speacially lower than 5.50 can't be sustained.
Either way we foresee higher price levels. If 5.65 holds we may see a rally higher from this .618 fibonacci level
Thank you for supporting our team with your likes.
Good luck.
Note
Price has tested the trendline today. Waiting for reversal signs before we consider to trade
Trade closed: target reached
Gapped monday open provided 2.000 pips move.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.