- Pair is currently trading at 2.9385 levels.
- It made intraday high at 2.9390 and low at 2.9221 levels.
- Short term outlook remains bullish till the time pair holds key support level at 2.9189 levels.
- In addition, a daily close below key support level will drag the parity 2.9015, 2.8847 thereafter.
- On the other side, key resistance levels are seen at 2.9565 levels.
We prefer to take long position in USD/TRY around 2.9350, stop loss 2.9189 and target 2.9662 levels.
The material has been provided by InstaForex Company – www.instaforex.com