FxWirePro: USD/TRY trades in narrow range, downside limited
USD/TRY is currently trading at 4.6117 levels. It made intraday high at 4.6155 and low at 4.5823 levels. Intraday bias remains neutral for the moment. Key resistances are seen at 4.6347, 4.6426 and 4.6888 marks respectiv…
It made intraday high at 4.6155 and low at 4.5823 levels.
Intraday bias remains neutral for the moment.
Key resistances are seen at 4.6347, 4.6426 and 4.6888 marks respectively.
On the other side, A sustained close below 4.5900 will drag the parity down towards key supports around 4.5751, 4.5541, 4.5390 and 4.5183 marks 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 4.6150, stop loss at 4.5751 and target of 4.6888.
