EUR/TRY intraday: as long as 2.258 is support look for 2.272
26-May-11
05:22
Our pivot point stands at 2.258.
Our preference: as long as 2.258 is support look for 2.272.
Alternative scenario: the downside breakout of 2.258 would call for 2.253 and 2.25.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (standing respectively at 2.2559 and 2.253).
Supports and resistances:
2.275 *
2.272 **
2.27
2.26269 last
2.259
2.258 **
2.253 *
Ticker: EURTRY
