The current overall bias for ETHUSD is bullish , according to the H4 chart. The price has closed above the Ichimoku cloud , which indicates that the market is bullish. Looking for a pullback buy entry at 1405.86 where previous swing low and 100% Fibonacci line is, with a stop loss at 1220.00, where the previous low and 0% Fibonacci lines are. The take profit level will be 1651.44, which is near where the 38.2% and 78.6% Fibonacci lines are located.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.