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Add as a preferred source on Google FxWirePro: USD/TRY stabilizes above 3.86 mark, bias remains bullish USD/TRY is currently trading at 3.8640 levels. It made intraday high at 3.8797 and low at 3.8446 levels. Intraday bias remains bullish for the moment. Key resistances are seen at 3.9106, 3.9438, 3.9618, 3.9755 and 3.9927…
By FxWirePro Team Jan 30, 2017, 8:25 AM UTC
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USD/TRY is currently trading at 3.8640 levels.
It made intraday high at 3.8797 and low at 3.8446 levels.
Intraday bias remains bullish for the moment.
Key resistances are seen at 3.9106, 3.9438, 3.9618, 3.9755 and 3.9927 levels respectively.
A sustained close below 3.8622 will drag the parity down towards key supports around 3.8432, 3.8221, 3.8019, 3.7875, 3.7807 and 3.7661 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 3.86, stop loss 3.8358 and target of 3.9416.
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