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FxWirePro: BTC/EUR finds stiff resistance at 200-DMA (6704), further upside only on decisive break above

  • BTC/EUR is struggling to extend break above 200-DMA, intraday bias is neutral.
     
  • The pair is trading range-bound on the day at around 6689 levels at the time of writing.
     
  • Price is retracing from multi-month lows of 4712, decisive breakout above 200-DMA could see further upside.
     
  • Technical studies are turning bullish, RSI and Stochs are showing a rollover from oversold levels.
     
  • MACD is on verge of bullish crossover, which if completed will add to the bullish bias.
     
  • On the flipside, failure at 200-DMA will invalidate bullish bias. Scope for test of 5500 levels.

Support levels - 6273 (5-DMA), 5488 (78.6 % Fib retrace of 2502 to 16457 rally), 5000, 4712 (Feb 6 low)

Resistance levels - 6704 (200-DMA), 7150 (50% Fib retrace of 9589 to 4712 fall), 7500 (Feb 4 high), 7725 (61.8% Fib retrace of 9589 to 4712 fall)

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November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

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Previous

111.5 Bln USD

November 16 21:00 UTC Released

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-29.1 Bln USD

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108.2 Bln USD

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 420338420338m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 432158432158m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 420338420338m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 432158432158m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 420338420338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 420338420338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 420338420338m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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