- USD/TRY is currently trading at 3.0687 levels.
- It made intraday high at 3.0749 and low at 3.0559 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 3.0534 marks.
- A sustain close below 3.05 mark will drag the parity down towards key supports around 3.0218, 3.0122, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key
resistance levels are seen at 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take long position in USD/TRY around 3.0645, stop loss 3.0534 and target 3.0749/ 3.0921.
