- USD/TRY is currently trading at 3.8570 levels.
- It made intraday high at 3.8938 and low at 3.7807 levels.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 3.8938, 3.9076, 3.9226 and 3.9438 levels respectively.
- A sustained close below 3.7812 will drag the parity down towards key supports around 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 3.8490, stop loss 3.7812 and target of 3.8938/3.9076.


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major European Indices
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



