ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 137.12 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 142.87 (Horizontal swing high resistance, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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