FxWirePro: Turkish lira continues to fall against U.S. dollar, good to buy on dips

• USD/TRY is currently trading at 4.4487 levels.
   
• It made intraday high at 4.4618 and low at 4.4114 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 4.3650 levels. 
   
• Key resistances are seen at 4.4620, 4.4829, 4.5006, 4.5254, 4.5515 and 4.5619 levels respectively.
   
• On the other side, A sustained close below 4.4120 will drag the parity down towards key supports around 4.3920, 4.3650, 4.3476, 4.3020, 4.2553, 4.2201 and 4.2105 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 4.4400, stop loss at 4.4100 and target of 4.5006/4.5254.

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