USD/TRY is currently trading at 4.7204 levels. It made intraday high at 4.7224 and low at 4.6658 levels. Intraday bias remains bullish till the time pair holds key support at 4.6063 marks. Key resistances are seen at 4.7…
It made intraday high at 4.7224 and low at 4.6658 levels.
Intraday bias remains bullish till the time pair holds key support at 4.6063 marks.
Key resistances are seen at 4.7222, 4.7454, 4.7751 and 4.8036 marks respectively.
On the other side, A sustained close below 4.6682 will drag the parity down towards key supports around 4.6464, 4.6063, 4.5539, 4.5294, 4.5093, 4.4617 and 4.4470 marks 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 on USD/TRY around 4.7180, stop loss at 4.6658 and target of 4.7751.
