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- USD/TRY is currently trading at 2.9564 levels.
- It made intraday high at 2.9681 and low at 2.9340 levels.
- Intraday bias remains bullish till the time pair holds key support at 2.9290 marks.
- A sustained close below 2.9290 will drag the parity down towards key supports around 2.9178, 2.9015 and 2.8847 thereafter.
- On the other side, key resistances are seen at 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take long position in USD/TRY around 2.95, stop loss 2.9290 and target 2.9977.
