- Pair is currently trading at 2.9240 levels.
- It made intraday high at 2.9325 and low at 2.9156 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 2.9471 will turn the bias bullish and drag the parity towards key resistance levels at 2.9991 marks.
- On the other side, key support falls at 2.9089 levels.
- In addition 20, 30 and 55D EMA heads down, which confirms the bearish trend.
We prefer to take short position in USD/TRY around 2.9250, stop loss 2.9325 and target 2.91 levels.
The material has been provided by InstaForex Company – www.instaforex.com