FxWirePro: Turkish lira weakens to record low of 4.3980 against U.S. dollar, bias remains bullish

• USD/TRY is currently trading at 4.3910 levels.
   
• It made intraday high at 4.3980 and low at 4.3476 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 4.2201 levels. 
   
• Key resistances are seen at 4.4022, 4.4258, 4.4476 and 4.4520 levels respectively.
   
• A sustained close below 4.3650 will drag the parity down towards key supports around 4.3476, 4.3020, 4.2553, 4.2201 and 4.2105 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 4.3800, stop loss at 4.3288 and target of 4.4258.

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