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EUR/TRY: Fibonacci analysis on 11.11.2015

A fall can continue.

On the 4-hour chart, the price continues falling along the 38.2% Fibonacci fan line towards the level of 3.0850. This support level is especially strong as Fibonacci corrections for both short-term (0% correction) and long-term (61.8% correction) trends coincide in the area of 3.0850-3.0890. 

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