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FxWirePro- Major Pair levels and bias summary

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FxWirePro: USD/TRY stabilises above 2.99 mark, faces strong resistance at 2.9975

Tuesday, August 2, 2016 7:48 AM UTC

USD/TRY is currently trading at 2.9926 levels.
It made intraday high at 2.9957 and low at 2.9877 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9725 marks.
A sustained close below 2.9725 mark will drag the parity down towards key supports around 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
On the other side, key resistance levels are seen at 3.0087, 3.0119, 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 2.9930, stop loss 2.9725 and target 3.0087/3.0254.

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FxWirePro: USD/TRY stabilises above 2.99 mark, faces strong resistance at 2.9975

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