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FxWirePro: USD/TRY hits fresh 5-day high at 2.9504, bias turns to bullish again

Monday, August 22, 2016 8:51 AM UTC

USD/TRY is currently trading at 2.9465 levels.
It made intraday high at 2.9504 and low at 2.9203 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9171 marks.
A sustained close below 2.94 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 2.9504, 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.

We prefer to take long position in USD/TRY only above 2.9504, stop loss 2.9210 and target 2.9700.

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FxWirePro: USD/TRY hits fresh 5-day high at 2.9504, bias turns to bullish again

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