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  ETHUSD approaching support, potential bounce!

easyMarkets

ETHUSD is approaching our first support at 142.21 (horizontal overlap support, 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 148.74 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support.
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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