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FxWirePro: ETH/USD upside capped by 161.8% fib, break above confirms further bullishness

ETH/USD dropped to 30.30 levels on March 18 and found support near 10-DMA. It is currently trading at 42 levels press time(Kraken).

Ichimoku analysis of daily chart:

Tenkan Sen: 35.27

Kijun Sen: 32.23

Overall trend appears bullish as the MACD line is above the signal line and RSI(14) is holding at 71.

On the upside, resistance is seen at 45.97 levels (161.8% extension of 5.92 and 30.67 rally) and a break above would see it testing 51.90 (March 17 high)/55.43.

On the flipside, support is seen at 39.51 (5-DMA) and any violation would drag it to 31.80 (10-DMA)/24.94 (20-DMA).

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July 21 14:30 UTC Released

USECRI Weekly Annualized*

Actual

144.8 %

Forecast

Previous

2.4 %

July 21 14:30 UTC Released

USECRI Weekly Index*

Actual

2.6 %

Forecast

Previous

143.9 %

July 24 00:30 UTC 15551555m

JPForeign Direct Investm't*

Actual

Forecast

Previous

52.4 bln $

July 24 07:00 UTC 19451945m

FRMarkit Serv Flash PMI

Actual

Forecast

56.7 %

Previous

56.9 %

July 24 07:00 UTC 19451945m

FRMarkit Mfg Flash PMI

Actual

Forecast

54.6 %

Previous

54.8 %

July 24 07:00 UTC 19451945m

FRMarkit Comp Flash PMI

Actual

Forecast

56.4 %

Previous

56.6 %

July 24 07:30 UTC 19751975m

DEMarkit Service Flash PMI

Actual

Forecast

54.3

Previous

54.0

July 24 07:30 UTC 19751975m

DEMarkit Mfg Flash PMI

Actual

Forecast

59.2

Previous

59.6

July 24 07:30 UTC 19751975m

DEMarkit Comp Flash PMI

Actual

Forecast

56.3

Previous

56.4

July 24 08:00 UTC 20052005m

RUMarkit Mfg Flash PMI

Actual

Forecast

57.2 %

Previous

57.4 %

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