- USD/TRY is currently trading at 3.1498 levels.
- It made intraday high at 3.1593 and low at 3.1422 levels.
- Intraday bias remains bullish till the time pair holds key support at 3.1088 levels.
- Key resistances are seen 3.1736, 3.1819 and 3.2036 marks respectively.
- Alternatively, sustained close below 3.1088 will drag the parity down towards key supports around 3.0924, 3.0797, 3.0514, 3.0343 and 3.0159 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 3.1450, stop loss at 3.1088 and target of 3.1736.
