2019-11-11 • Updated

Trade idea

BUY 5.3750; TP 5.41; SL 5.3580

SELL 5.3040; TP 5.2345; SL 5.33

USD/TRY has moved sharply down this week falling to the support line since the end of November. Consolidation is now taking place between the 100- and 200-day MA on H4. On D1, the pair’s around 50-day MA at 5.3280. It’s possible to set pending orders counting on a decent move of the price after it leaves the current range.




Levels to trade EUR/USD

EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.

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