USD/TRY is currently trading at 3.0552 levels. It made intraday high at 3.0559 and low at 3.0504 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 3.0411 levels. Key resistances…
It made intraday high at 3.0559 and low at 3.0504 levels.
Intraday bias remains bullish for the moment till the time pair holds key support at 3.0411 levels.
Key resistances are seen at 3.0653, 3.0875, and 3.1048 levels respectively.
A sustained close below 3.0411 will drag the parity down towards key supports around 3.0146, 2.9905, 2.9771, 2.9649, 2.9491, 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 3.0545, stop loss at 3.0411 and target of 3.0653/3.0875.
