LiteForex - Analytics

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    USD/TRY: Fibonacci analysis on 24.02.2016

    The price is likely to continue falling.

    On the 4-hour chart, the pair is trading near 2.9370 (50.0% correction). A breakdown of this level would allow the price to fall to 2.9275 (61.8% correction), 2.9160 and 2.9080. If the price turns up and overcomes the level of 2.9469 (38.2% correction), it might continue growing to 2.9590 (23.6% correction) and 2.9780.


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