FxWirePro: USD/TRY fails to sustain below 2.95 mark, good to buy on dips
USD/TRY is currently trading at 2.9530 levels. It made intraday high at 2.9599 and low at 2.9475 levels. Intraday bias remains bullish till the time pair holds key support at 2.9442 marks. A sustained close below 2.9442 …
It made intraday high at 2.9599 and low at 2.9475 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9442 marks.
A sustained close below 2.9442 will drag the parity down towards key supports around 2.9260, 2.9189, 2.9015 and 2.8847 thereafter.
On the other side, key resistances are seen at 2.9637, 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels 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 take long position in USD/TRY only above 2.9550, stop loss 2.9442 and target 2.9699/2.9749/2.9977.
