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FxWirePro: BTC/EUR faces strong resistance at 1160, break above targets 1235

BTC/EUR is seen trading slight;y below on Wednesday and the pair has shown a mild recovery till 1137 after forming a minor bottom at 1069 on Apr 15th 2017 (COINBASE). It is currently trading around 1121.59 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1115

Kijun-Sen level: 993

Major reversal level -852 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance at 1160 (Apr 11th 2017 high) and any break above confirms minor bullishness.

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 1094 (21 day EMA) and any break below will drag the pair down till 1066 (Ichimoku cloud) /993 (daily Kijun-Sen).

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Fintech Week Chicago

April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 573573m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 573573m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 19231923m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 19531953m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 19531953m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 19531953m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 19831983m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 19831983m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

Fintech Week Chicago
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