ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 106 (100% Fibonacci extension x2, 78.6% Fibonacci retracement , horizontal swing low support) where a strong bounce might occur above this level pushing price to our major resistance at 122 (61.8% fibonacci extension , 78.6% Fibonacci retracement ). Stochastic (55,5,3) is approaching our support and we might see a corresponding rise in price.
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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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