FxWirePro: USD/TRY hits fresh 10-week high at 3.0278, faces key resistance at 3.0411 mark
USD/TRY is currently trading at 3.0256 levels. It made intraday high at 3.0278 and low at 3.0159 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 2.9988 levels. Key resistances…
It made intraday high at 3.0278 and low at 3.0159 levels.
Intraday bias remains bullish for the moment till the time pair holds key support at 2.9988 levels.
Key resistances are seen at 3.0411, 3.0675, 3.0875, and 3.1048 levels respectively.
A sustained close below 2.9988 will drag the parity down towards key supports around 2.9905, 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 3.02, stop loss at 3.0118 and target of 3.0411.
