FxWirePro: USD/TRY almost flat around 2.95 mark, sustained break above 2.9605 targets 2.9977
USD/TRY is currently trading at 2.9561 levels. It made intraday high at 2.9605 and low at 2.9483 levels. Intraday bias remains bullish till the time pair holds key support at 2.9239 marks. A sustained close below 2.9239 …
It made intraday high at 2.9605 and low at 2.9483 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9239 marks.
A sustained close below 2.9239 will drag the parity down towards key supports around 2.9178, 2.9015 and 2.8847 thereafter.
On the other side, key resistances are seen at 2.9605, 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take long position in USD/TRY only above 2.9605, stop loss 2.9515 and target 2.9977.
