FxWirePro: USD/TRY exhibits range bound movement, faces strong resistance 3.8190 mark
USD/TRY is currently trading at 3.7706 levels. It made intraday high at 3.7727 and low at 3.7563 levels. Intraday bias remains bullish till the time pair holds key support at 3.7399 levels. Key resistances are seen at 3.…
It made intraday high at 3.7727 and low at 3.7563 levels.
Intraday bias remains bullish till the time pair holds key support at 3.7399 levels.
Key resistances are seen at 3.7849, 3.8183, 3.8449 and 3.8870 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports around key supports around 3.7563, 3.7399, 3.7373, 3.7286, 3.6824 and 3.6411 marks respectively.
We prefer to go long on USD/TRY around 3.7650, stop loss at 3.7400 and target of 3.8183.
