Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

ETH/EUR trades slightly above 200-day MA, jump till 10.95 likely

ETH/EUR is seen trading slightly below in red on Wednesday. The pair has jumped till 10.47 yesterday and started to decline from that level. It is currently trading at 10.00 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9.29

Kijun-Sen level: 8.83

Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)

Major Trend reversal level - (30 day EMA) – 8.32

The long-term trend remains to be neutral. ETH/EUR faces strong resistance at 10.95 high formed on Jan 5th, 2017 and any break above confirm minor bullishness, a jump till 11.78 is possible. 

The major resistance is around 10.43 (76.4% retracement of 10.95 and 8.83) and any break above that level will take the pair till /10.95 (Jan 5th high)/11.78 (Oct 18th, 2016 high). Short-term support is around 9.29 (daily Tenken-Sen) and any break below will drag the pair till 8.83 (daily Kijun-Sen)/8.57 (60 days EMA).

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

August 20 23:00 UTC Released

JPReuters Tankan DI

Actual

27 %

Forecast

Previous

26 %

August 20 21:00 UTC Released

KRPPI Growth MM*

Actual

0.1 %

Forecast

Previous

-0.4 %

August 21 08:30 UTC 118118m

ID7-Day Reverse Repo*

Actual

Forecast

Previous

6.278 %

August 21 08:30 UTC 118118m

IDDeposit Facility Rate*

Actual

Forecast

Previous

18.283 %

August 21 12:30 UTC 358358m

IDLending Facility Rate*

Actual

Forecast

Previous

0.9 %

August 21 12:30 UTC 358358m

DEZEW Economic Sentiment*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 358358m

USNational Activity Index*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 358358m

CAWholesale Trade MM

Actual

Forecast

-0.4 %

Previous

0.9 %

August 21 14:30 UTC 478478m

TRReuters Tankan DI

Actual

Forecast

Previous

811.8 Bln TRY

August 21 14:30 UTC 478478m

DEZEW Current Conditions*

Actual

Forecast

Previous

811.8 Bln TRY

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.