FxWirePro: USD/TRY spikes up to record high at 4.0345 mark, intraday bias remains bullish

• USD/TRY is currently trading at 3.9648 levels.
   
• It made intraday high at 4.0345 and low at 3.9644 levels.
   
• Intraday bias remains bullish for the moment till the time pair holds key support at 3.9056 levels. 
   
• Key resistances are seen at 4.0348, 4.0496, 4.0555 and 4.0778 levels respectively.
   
• A sustained close below 3.9067 will drag the parity down towards key supports around 3.8916, 3.8747, and 3.8360 levels 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 go long on USD/TRY around 3.95, stop loss at 3.9323 and target of 4.0345/4.0496.

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