FxWirePro: Turkish lira weakens to record low of 3.4211 against U.S. dollar
USD/TRY is currently trading at 3.4163 levels. It made intraday high at 3.4211 and low at 3.3935 levels. Intraday bias remains bullish till the time pair holds key support at 3.3551 levels. Key resistances are seen 3.426…
It made intraday high at 3.4211 and low at 3.3935 levels.
Intraday bias remains bullish till the time pair holds key support at 3.3551 levels.
Key resistances are seen 3.4267, 3.4387 and 3.4555 marks.
Alternatively, sustained close below 3.3551 will drag the parity down towards key supports around 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.
We prefer to go long on USD/TRY around 3.4150, stop loss at 3.4050 and target of 3.4387.
