Not interested in holding any short positions. There is also a chance it can plummet to the blue support line in the bottom, but I highly doubt it could fall below that. Also, I think there's a good chance the pair will rise above 4.00 to maybe 4.40-4.50 by the end of 2017; we'll have to wait and see what happens.
It seems, atleast for midterm that the Lira might be losing some strength, with prices possibly retreating back to 2.90's. This is a possible Long Channel that seems to be forming. If the price confirms this support line on Monday, it is quite possible that 2.90's resistance may be tested by Friday.