FxWirePro: USD/TRY stabilises above 2.99 mark, faces strong resistance at 2.9975

• USD/TRY is currently trading at 2.9926 levels.
   
• It made intraday high at 2.9957 and low at 2.9877 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 2.9725 marks.
   
• A sustained close below 2.9725 mark will drag the parity down towards key supports around 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
   
• On the other side, key resistance levels are seen at 3.0087, 3.0119, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take long position in USD/TRY around 2.9930, stop loss 2.9725 and target 3.0087/3.0254.