Type: Bearish ReversalKey Levels:Resistance: 2667Pivot: 2589 Support: 2303Preferred Case:On the H4, with price currently moving below the Ichimoku cloud, we have a bias that price will drop to our support at 2303 in line with the swing low support and 161.8% Fibonacci extension from our pivot at 2589 in line with the horizontal overlap resistance. Alternative Scenario:Alternatively, price may break pivot and head for 1st resistance at 2667 in line with the horizontal swing high resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bearish-drop"
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