FxWirePro: Turkish lira hits fresh record low of 3.2980 against U.S. dollar, stay bullish
USD/TRY is currently trading at 3.2948 levels. It made intraday high at 3.2980 and low at 3.2819 levels. Intraday bias remains bullish till the time pair holds key support at 3.2361 levels. Key resistances are seen 3.301…
It made intraday high at 3.2980 and low at 3.2819 levels.
Intraday bias remains bullish till the time pair holds key support at 3.2361 levels.
Key resistances are seen 3.3011, 3.3048 and 3.3147 marks respectively.
Alternatively, sustained close below 3.1422 will drag the parity down towards key supports around 3.1088, 3.0924, 3.0797, 3.0514, 3.0343 and 3.0159 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/TRY only above 3.3008, stop loss at 3.2361 and target of 3.3147.
