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BTC/EUR Short Term Outlook

  • BTC/EUR has broken major support 240 and is currently trading around trend is bearish as long as resistance 257 holds.
  • Short term trend is weak and decline till 190 is possible.
  • On the upside major resistance is around 257 and any break above would extend gains till 270/278 in short term.
  • It is good to sell on rallies around 245 for the target of 217.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Neutral              

Recommendation: Sell BTC/EUR around 245 SL 258, Targets 217/190. 

 

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