ETHUSD is approaching our first support at 135.22 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 163.96 (horizontal swing high resistance). Stochastic (55,5,3) is also approaching our support where we might see a corresponding 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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