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USD/TRY Daily Technical Analysis | 26 January 2018

2018-01-26 01:19 pm | Resource: Technical Analysis Section | No Views : 305

After breaking USD/TRY support area of ​​3.7411 during the European session yesterday morning achieved the target mentioned in the report yesterday at 3.7007 and then began to try to break the 3.7411 but failed to do so.

USD/TRY Daily Technical Analysis | 26 January 2018

The pair is trading in a downtrend on the 60-minute time frame, and the SMA 20 does not take a clear direction and is therefore indicated by a turnaround.
RSI 14 is still trading in a bearish direction in the configuration and the secondary direction is bullish in formation.
It is expected that if the USDUSD crosses 3.7335, it might target the areas of 3.7007, while the breach of 3.7503 might target 3.7775.
Support: 3.7007 - 3.6484- 3.5951
Resistance: 3.7411 - 3.799- 3.8424
Trend: Down


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