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Ether / Dollar intraday: as long as 1606 is resistance look for 1564


1606 is our pivot point.

Our preference: as long as 1606 is resistance look for 1564.

Alternative scenario: above 1606, look for 1622 and 1632.

Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (1592) but below its 50 period moving average (1596).

Supports and resistances:

1632 **

1622 *

1606 **


1593 last


1564 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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