FxWirePro: USD/TRY faces strong support at 3.0684, sustained close below targets 3.0514
USD/TRY is currently trading at 3.0732 levels. It made intraday high at 3.0770 and low at 3.0693 levels. Intraday bias remains bullish till the time pair holds key support at 3.0684 levels. Key resistances are seen 3.078…
It made intraday high at 3.0770 and low at 3.0693 levels.
Intraday bias remains bullish till the time pair holds key support at 3.0684 levels.
Key resistances are seen 3.0782, 3.0891, 3.0970, 3.1048, 3.1128 and 3.1276 levels respectively.
Alternatively, sustained close below 3.0684 will drag the parity down towards key supports around 3.0514, 3.0343, 3.0159, 2.9932, 2.9771, 2.9649, 2.9491, 2.9314, 2.9207, 2.9178, 2.9015 and 2.8847 thereafter.
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 3.0730, stop loss at 3.0684 and target of 3.0904/3.0977/3.1137.
