FxWirePro: USD/TRY stabilises above 2.98 mark, likely to hit key resistance at 2.9977

• USD/TRY is currently trading at 2.9835 levels.
   
• It made intraday high at 2.9858 and low at 2.9794 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 2.9624.
   
• Key resistances are seen at 2.9977, 3.0085, 3.0268, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
   
• A sustained close below 2.9614 will drag the parity down towards key supports around 2.9495, 2.9314, 2.9207, 2.9178, 2.9015 and 2.8847 thereafter.
   
• 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 2.98, stop loss 2.9624 and target of 2.9932/2.9977/3.0111/3.0268.