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FxWirePro: USD/TRY hits fresh 7-day low to 3.0090, good to sell on rallies

Thursday, July 28, 2016 7:59 AM UTC

USD/TRY is currently trading at 3.0148 levels.
It made intraday high at 3.0190 and low at 3.0090 levels.
Intraday bias remains bearish till the time pair holds key resistance at 3.0335 marks.
A sustained close below 3.0090 mark will drag the parity down towards key supports around 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
On the other side, key resistance levels are seen at 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take short position in USD/TRY only below 3.01, stop loss 3.0412 and target 2.9598.

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FxWirePro: USD/TRY hits fresh 7-day low to 3.0090, good to sell on rallies

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