ETHUSD bounced off support, potential for a further rise!
ETHUSD bounced off support at 117.2 (horizontal swing low support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a further rise might occur pushing price up to our major resistance at 161.8 (horizontal swing high resistance, 61.8% fibonacci extension , 50% fibonacci retracement ).
RSI (55) bounced off our support where we might see a further rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) bounced off our support where we might see a further rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/