- USD/TRY is currently trading at 3.4250 levels.
- It made intraday high at 3.4568 and low at 3.4152 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 3.4432 levels.
- Key resistances are seen 3.4432, 3.4755, 3.4810, 3.4987 and 3.5223 marks respectively.
- Alternatively, sustained close below 3.40 will drag the parity down towards key supports around 3.3928, 3.3684, 3.3551, 3.3089, 3.2811, 3.2490, 3.2067 and 3.1635 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Turkey’s November economic confidence index increases to 86.5 vs previous 80.56.
We prefer to go short on USD/TRY around 3.4250, stop loss at 3.4432 and target of 3.3684.


FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



