FxWirePro: USD/TRY trades in narrow range, sustained close above 3.7150 requires for upside rally

• USD/TRY is currently trading at 3.7142 levels.
   
• It made intraday high at 3.7164 and low at 3.7040 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 3.6824 marks.
   
• A sustained close below 3.7150 will drag the parity down towards key supports around 3.7040, 3.6824, 3.6696 and 3.6557 levels thereafter.
   
• On the other side, key resistances are seen at 3.7216, 3.7426, 3.7536 and 3.7716 levels 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 take long position in USD/TRY around 3.7100, stop loss 3.6995 and target 3.7426.

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