ETHUSD approaching support, potential for bounce!
ETHUSD is approaching our first support at 163.68 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might be seeing a strong bounce to our major resistance level at 178.93 (horizontal swing high resistance). Stochastic is approaching support where we might be seeing a bounce above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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