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    XAG/USD: Fibonacci analysis on 21.01.2016

    A price reverse and a growth are likely.

    On the 4-hour chart, the pair is falling towards the level of 13.99 (38.2% correction), near its crossover with the 38.2% fan line, that acts as the additional support to the price. Its breakdown could lead to a fall towards 13.90 (23.6% correction) and 13.76 (0% correction). Otherwise, the price could resume its growth towards 14.07 (50% correction), 14.14 (61.8% correction) and 14.24 (23.6% correction for the medium-term trend). 


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