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- The Turkish Lira eased to a 1-week trough as the greenback surged across the board.
- USD/TRY is currently trading 0.1 percent up at 5.7575, having hit a low of 5.6852 on Monday, its lowest since October 4.
- On Monday, the pair declined to 1-month low but found strong support at 200-DMA.
- Momentum indicators are bullish - RSI strong at 50.05 and Stochs are biased higher.
- Immediate resistance level is located at 5.7900, any close above could take it above 5.8097.
- On the downside, support is seen at 5.7322 (10-DMA), and break below could take it near 5.7200 (5-DMA).
Recommendation: Good to buy on dips around 5.7567, with stop loss of 5.7322, and target price of 5.7900.
