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FxWirePro: USD/TRY remains well supported below 3.80 mark, bias remains neutral

Thursday, February 22, 2018 6:05 AM UTC

USD/TRY is currently trading at 3.7952 levels.
It made intraday high at 3.7999 and low at 3.7852 levels.
Intraday bias remains neutral for the moment.
Key resistances are seen at 3.8118, 3.8183, 3.8449 and 3.8870 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports around key supports around 3.7736, 3.7563, 3.7399, 3.7373, 3.7286, 3.6824 and 3.6411 marks respectively.

We prefer to go short on USD/TRY only below 3.7852, stop loss at 3.8118 and target of 3.7400.

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FxWirePro: USD/TRY remains well supported below 3.80 mark, bias remains neutral

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