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FxWirePro: ETH/USD faces strong resistance at 200-DMA, break below 10 targets 9.50

ETH/USD is facing strong resistance from 200-DMA and is currently trading at 10.11 levels at the time of writing (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 9.86

Kijun-Sen: 9.32

On the upside, the pair faces major resistance at 10.91 levels (200-DMA) and a consistent break above would target 11.63 (January 05 high)/12 (October 31 high).

On the flip side, the pair is likely to find support near 9.88 (100-DMA) and a break below would target 9.48 (90-EMA)/ 9.10 (January 05 low).

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