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    XAG/USD: Fibonacci analysis on 17.07.2015

    A further fall is possible.

    Last week, the pair XAG/USD reached its 2010 lows and tested the level of 14.80. The price corrected after and reached 15.60 (50% Fibonacci), which, however, did not reverse the trend. At present, the price broke down the 38.2% Fibonacci arc, which was its support level for a long time, and continues falling towards 14.80. 

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