Wednesday, 14 August 2013

USDTRY bullish triggers seen. 1.9517 initial target.

Yesterday’s 2nd positive daily performance in a row took USDTRY
through the 21 day moving average. The market has been
fluctuating around that point for almost a month but this time
the bullish break has been confirmed with a positive crossover
in strength indicators (RSI) - through the moving average and a
trend of lower reading highs. Potential now for 1.9517 as
minimum target.


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