FxWirePro: USD/TRY moves in rigid boundaries, bias remains neutral
USD/TRY is currently trading at 3.7687 levels. It made intraday high at 3.7749 and low at 3.7579 levels. Intraday bias remains neutral till the time pair holds key support at 3.7286 levels. Key resistances are seen at 3.…
It made intraday high at 3.7749 and low at 3.7579 levels.
Intraday bias remains neutral till the time pair holds key support at 3.7286 levels.
Key resistances are seen at 3.7849, 3.8183, 3.8449 and 3.8870 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports around key supports around 3.7620, 3.7458, 3.7373, 3.7286, 3.6824 and 3.6411 marks respectively.
We prefer to go long on USD/TRY around 3.7650, stop loss at 3.7286 and target of 3.8100.
