FxWirePro: Turkish Lira Continues to Fall Against US Dollar, Intraday Bias Remains Bullish

FxWirePro: Turkish Lira Continues to Fall Against US Dollar, Intraday Bias Remains Bullish

25 April 2016, 10:47
Roberto Jacobs
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FxWirePro: Turkish Lira Continues to Fall Against US Dollar, Intraday Bias Remains Bullish

  • USD/TRY is currently trading at 2.8463 levels. 
  • It made intraday high at 2.8520 and low at 2.8421 levels. 
  • Intraday bias remains bullish for the moment. 
  • A daily close below 2.8402 will take the parity down towards 2.8217 marks. 
  • On the other side, reversal from 2.8098 will take the parity higher towards key resistances at 2.8595/ 2.8738 and 2.8915 marks.

We prefer to take long position in USD/TRY around 2.8460, stop loss 2.8402 and target 2.8595 levels.

The material has been provided by InstaForex Company - www.instaforex.com




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