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Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 221.23 (21-EMA); Resistance: 267.51 (Weekly cloud base)

Technical Analysis: Bias Bullish

ETH/USD has retraced above 1H 200-SMA and hourly cloud.

The  pair was trading 3% higher at 252.62 at 11:11 GMT, bias bullish.

The pair has bounced off weekly lows with a 'Hammer' formation raising scope for further gains.

Price action has held support at 23.6% Fib and 'Hammer' signals buying pressure at lows.

The pair is holding above 55W EMA and break above weekly cloud base will see upside resumption.

Stiff resistance seen at weekly cloud at 267.51. Break above eyes 289.79 (Upper BB).

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

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449.6 Stale

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451.7 Stale

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USISM NY Biz Conditions

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50 %

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48.6 %

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-1541 %

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January 22 19:00 UTC 865870865870m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 854050854050m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 854050854050m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854050854050m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

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