- USD/TRY is currently trading at 3.7142 levels.
- It made intraday high at 3.7164 and low at 3.7040 levels.
- Intraday bias remains bullish till the time pair holds key support at 3.6824 marks.
- A sustained close below 3.7150 will drag the parity down towards key supports around 3.7040, 3.6824, 3.6696 and 3.6557 levels thereafter.
- On the other side, key resistances are seen at 3.7216, 3.7426, 3.7536 and 3.7716 levels 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 take long position in USD/TRY around 3.7100, stop loss 3.6995 and target 3.7426.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest