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  ETHUSD approaching resistance, potential drop!

easyMarkets
ETHUSD is approaching our first resistance at 143.83 (horizontal swing low support, 61.8% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 138.12 (horizontal pullback support, 50% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching 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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