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FxWirePro: USD/TRY remains well supported above 3.0050 mark, good to buy on dips

Friday, July 29, 2016 8:12 AM UTC

USD/TRY is currently trading at 3.0185 levels.
It made intraday high at 3.0252 and low at 3.0087 levels.
Intraday bias remains bullish till the time pair holds key support at 3.0087 marks.
A sustained close below 3.0080 mark will drag the parity down towards key supports around 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
On the other side, key resistance levels are seen at 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take long position in USD/TRY around 3.0150, stop loss 3.0080 and target 3.0392.

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FxWirePro: USD/TRY remains well supported above 3.0050 mark, good to buy on dips

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