FxWirePro: USD/TRY drifts away from 1-1/2 year low, intraday bias bearish

• The Turkish Lira surged, hovering towards to a 3-week peak hit in the previous session.
   
• The pair broke below major support 21-EMA and continues to drift lower. 
   
• USD/TRY is trading 0.2 percent down at 6.0871, having hit a high of 6.2569 on Monday, its highest since September 2018. 
   
• Momentum indicators are bearish on hourly charts - RSI weak at 35 and MACD supports downside. 
   
• Immediate resistance is located at 6.1582, any close above could take it above 6.1722 (5-DMA).
   
• On the downside, support is seen at 6.0514 and break below could take it near 6.0338.
   

Recommendation: Good to sell on rallies around 6.0978, with stop loss of 6.1073 and target price of 6.0514.