- USD/TRY is currently trading at 2.9530 levels.
- It made intraday high at 2.9599 and low at 2.9475 levels.
- Intraday bias remains bullish till the time pair holds key support at 2.9442 marks.
- A sustained close below 2.9442 will drag the parity down towards key supports around 2.9260, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistances are seen at 2.9637, 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 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 only above 2.9550, stop loss 2.9442 and target 2.9699/2.9749/2.9977.
