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FxWirePro : BTC/EUR faces strong resistance around 426, good to buy at dips

Pattern Formed - Cup and handle

  • BTC/EUR has made a high of 426 and declined from that level. It is currently trading around 405.
     
  • Short term trend is bullish as long as support 370 holds
     
  • On the higher side minor resistance is around 426 and break above targets 441/455.
     
  • The pair's minor support is around 400 and break below targets 370/350.

It is good to buy at dips around 395-400 with SL around 370 for the TP of 441/455       

 

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