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 >

January 24 15:00 UTC Released

USRich Fed, Services Index*

Actual

15 %

Forecast

Previous

4 %

January 24 15:00 UTC Released

USRich Fed Mfg Shipments*

Actual

13 %

Forecast

Previous

12 %

January 24 23:50 UTC 1919m

JPExports YY*

Actual

Forecast

1.2 %

Previous

-0.4 %

January 24 23:50 UTC 1919m

JPImports YY*

Actual

Forecast

-0.8 %

Previous

-8.8 %

January 24 23:50 UTC 1919m

JPTrade Balance Total Yen*

Actual

Forecast

270.0 bln JPY

Previous

152.5 bln JPY

January 25 00:30 UTC 5959m

AUCPI QQ*

Actual

Forecast

0.7 %

Previous

0.7 %

January 25 00:30 UTC 5959m

AUCPI YY*

Actual

Forecast

1.6 %

Previous

1.3 %

January 25 00:30 UTC 5959m

AURBA Weightd Medn CPI QQ*

Actual

Forecast

0.5 %

Previous

0.3 %

January 25 00:30 UTC 5959m

AURBA Weightd Medn CPI YY*

Actual

Forecast

1.4 %

Previous

1.3 %

January 25 07:45 UTC 494494m

FRBusiness Climate

Actual

Forecast

Previous

106 %

Close

Welcome to EconoTimes

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