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Big movement expected on ETHUSD after a breach of 169.9000

ETHUSD has broken through a line of 169.9000 and suggests a possible movement to 175.0670 within the next 2 days. It has tested this line numerous times 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 7 days.

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We expect FV to trend downwards today with a 80% chance.

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We expect 6J to trend upwards for the next 12 hours.

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