LiteForex - Analytics

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    USD/TRY: Fibonacci analysis on 01.10.2015

    A growth is possible.

    As you can see on the 4-hour chart, this week the price tested the key resistance at 3.0660 and could not break it out again. After it corrected down, the rice reached the level of 3.0115 (38.2% Fibonacci correction), bounced off it and currently growing towards the level of 3.0325 (23.6% correction).

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