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USD/TRY Trade idea

Pair is currently trading at 2.9385 levels. It made intraday high at 2.9390 and low at 2.9221 levels. Short term outlook remains bullish till the time pair holds key support level at 2.9189 levels. In addition, a daily c…

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USD/TRY Trade idea
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  • Pair is currently trading at 2.9385 levels.
     
  • It made intraday high at 2.9390 and low at 2.9221 levels.
     
  • Short term outlook remains bullish till the time pair holds key support level at 2.9189 levels.
     
  • In addition, a daily close below key support level will drag the parity 2.9015, 2.8847 thereafter.
     
  • On the other side, key resistance levels are seen at 2.9565 levels.

We prefer to take long position in USD/TRY around 2.9350, stop loss 2.9189 and target 2.9662 levels.

 

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