June 10-14, 2019 Week

USDTRY

Dollar Turkish Lira

is looking for an opportunity to turn its direction !

Last week’s doji formation is just showing that the market has not made its decision yet, whether the correction is done…

This week’s important question is whether the buyers at 5.6475 be enough for the turn, as long as it stays below 5.6564 level or not…

If the answer is yes, it shall break  5.8926 – 5.9033 range to target 6.2425 resistance..

If the answer is no, the strong support is at 5.5548 level…

EURO

Euro seems like continuing its rise, especially as long as it stays above 1.1329 level while targeting 1.1542 !

Be careful with the fight between the buyers and the sellers at 1.1392, on its way to the target…

If the sellers win, there will be pressure for correction…

If the buyers win, further rally wont be surprising….

GOLD

Gold which looks bullish for the upcoming week, has its target at 1425 which is formation of putting the distance between 1265 & 1345 on top of 1345 level…

The resistance levels in order, on this way, are 1345, 1357, 1365 and 1375…

Support is at 1300 psychological level…

@banuakbez & @bpwme in all social media  while tuning in with #banuakbez & #bpwme

copyright @ 2019 – Banu Akbez (#fba

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