- USD/TRY is currently trading at 3.4163 levels.
- It made intraday high at 3.4211 and low at 3.3935 levels.
- Intraday bias remains bullish till the time pair holds key support at 3.3551 levels.
- Key resistances are seen 3.4267, 3.4387 and 3.4555 marks.
- Alternatively, sustained close below 3.3551 will drag the parity down towards key supports around 3.3089, 3.2811, 3.2490, 3.2067 and 3.1635 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 3.4150, stop loss at 3.4050 and target of 3.4387.
