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FxWirePro: BTC/EUR breaks major resistance at 1160, jump till 1235 likely

BTC/EUR breaks the high made on Apr 11th, 2017 yesterday and shown a mild jump till 1161.83 levels (COINBASE). The pair has broken this level after 10 days of consolidation. It is currently trading around 1163.67 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1115

Kijun-Sen level: 1017

Major reversal level -858 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR breaks strong resistance at 1160 (Apr 11th, 2017 high) and a jump till 1235 likely.

Major resistance is around 1161 (Apr 11th, 2017 high) and any break above will take the pair to next level till 1188 (Mar 14th high)/1235 (Mar 3rd, 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1102 (21 days EMA) and any break below will drag the pair down till 1061 (55- EMA) /1017 (daily Kijun-Sen).

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