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Big movement expected on ETHUSD after a breach of the support

ETHUSD has broken through a support line of a Flag and suggests a possible movement to 179.0514 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.

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FRA40 is quickly approaching 5704.5000. We expect either a breakout through this line, or a rebound.

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