- USD/TRY is currently trading at 2.9756 levels.
- It made intraday high at 3.9877 and low at 2.9731 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 3.0087 marks.
- A sustained close below 2.9667 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 3.0087, 3.0119, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take short position in USD/TRY around 2.9848, stop loss 3.0000 and target 2.9598.
