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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).

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Fintech Week Chicago

April 26 01:30 UTC Released

AUCPI Index Number*

Actual

110.5 %

Forecast

Previous

110.0 %

April 26 01:30 UTC Released

AURBA Weightd Medn CPI YY*

Actual

1.7 %

Forecast

1.8 %

Previous

1.5 %

April 26 03:30 UTC 8888m

IDFDI Growth YY*

Actual

Forecast

Previous

2.10 %

April 26 03:30 UTC 8888m

IDFDI Growth YY*

Actual

Forecast

Previous

2.10 %

April 26 06:45 UTC 283283m

FRCPI Index Number*

Actual

Forecast

100 %

Previous

100 %

April 26 06:45 UTC 283283m

ZAPPI YY*

Actual

Forecast

100 %

Previous

100 %

April 26 06:45 UTC 283283m

ZAPPI MM*

Actual

Forecast

100 %

Previous

100 %

April 26 08:30 UTC 388388m

TRO/N Lending Rate*

Actual

Forecast

Previous

5.60 %

April 26 08:30 UTC 388388m

TRPPI YY*

Actual

Forecast

Previous

5.60 %

April 26 09:30 UTC 448448m

ZAPPI MM*

Actual

Forecast

Previous

0.60 %

Fintech Week Chicago
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