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    EUR/TRY: technical analysis on 17.11.2015

    On the daily chart, the pair is falling along the lower Bollinger band and approaching the strongest support at 3.0454 (38.2% Fibonacci retracement). The EMA130, EMA65 and EMA13 remain above the price and heading down indicating that the trend has changed its direction. The RSI is about to test its most recent support at 29 mark. The Composite, however, suggests there is a room for a further fall in the pair. 

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