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IF we look in to below chart we can easily say that pair is big down term and expecting to move towards .7000 level very soon at the same time persistent risk-averse sentiment leads the way, in the absence of fresh macroeconomic data at the beginning of the week, although dollar's demand moderated after the Central Bank of Turkey announced they will provide all the liquidity needed to local banks, cooling down, at least temporarily, Lira's sell-off so plan to sell the pair for every bounce.
