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FxWirePro: BTC/EUR on track to test 200-DMA at 7976, good to go long on dips

BTC/EUR has broken the following major resistances raising scope for further upside:

1) Symmetric Triangle

2) Daily cloud

3) 110-EMA

Technical studies are bullish, RSI and stochs show bullish momentum.

We see +ve DMI dominance with ADX rising in support of the trend.

Price has edged above daily cloud and next major resistance lies at 100-DMA (7816) ahead of 200-DMA (7976).

Support levels - 7466 (110-EMA), 7315 (5-DMA), 7000

Resistance levels - 7816 (100-DMA), 7976 (200-DMA), 8054 (March 12 high), 9000, 9198 (38.2% Fib)

Recommendation: Good to go long on dips around 7500, SL:

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.

 

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October 23 11:00 UTC Released

BRMonth CPI YY

Actual

4.53 %

Forecast

4.59 %

Previous

4.28 %

October 23 11:00 UTC Released

BRMonth CPI

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0.58 %

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0.64 %

Previous

0.09 %

January 31 00:00 UTC 382375382375m

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January 22 19:00 UTC 394195394195m

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-1541 %

January 31 00:00 UTC 382375382375m

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2016 bln ARS

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January 22 19:00 UTC 394195394195m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 382375382375m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 382375382375m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 382375382375m

ARAnnual Primary Balance*

Actual

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2016 bln ARS

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Bln AR bln ARS

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