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FxWirePro: BTC/EUR struggles to close above 900 level, good to sell on rallies

BTC/EUR is trading in a narrow range on Wednesday between 900 and 840 for the past three trading session (COINBASE). It is currently trading around 874 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 944.22

Kijun-Sen level: 927.27

Major reversal level -753 (89- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR struggles to close above 900 level and any close above confirms minor bullishness.

Major resistance is around 904.50 (38.2% retracement of 1111.56 and 776) and any break above will take the pair to next level till 944 (daily Tenken-Sen)/983.50 (61.8% retracement of 1111 and 776.89)/1000. Short term support is seen at 798 (60- day EMA) and any break below will drag the pair till 753 (89- day EMA)/776 (Jan 7th 2017 low).

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March 30 23:50 UTC Released

JPIP Forecast 2 Mth Ahead*

Actual

8.3 %

Forecast

Previous

-5 %

March 30 23:50 UTC Released

JPIP Forecast 1 Mth Ahead*

Actual

-2 %

Forecast

Previous

3.5 %

March 31 00:30 UTC 11m

AUPrivate Sector Credit*

Actual

Forecast

Previous

0.2 %

March 31 00:30 UTC 11m

AUHousing Credit*

Actual

Forecast

Previous

0.5 %

March 31 01:00 UTC 3131m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

54.20 %

March 31 01:00 UTC 3131m

CNNBS Manufacturing PMI*

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Forecast

51.6 bln $

Previous

51.6 bln $

March 31 05:00 UTC 271271m

IDM2 Money Supply YY*

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Forecast

Previous

9.7 %

March 31 05:00 UTC 271271m

JPConstruction Orders YY*

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Forecast

Previous

1.1 %

March 31 05:00 UTC 271271m

JPHousing Starts YY*

Actual

Forecast

-1.1 %

Previous

12.8 %

March 31 06:00 UTC 331331m

GBNationwide house price mm

Actual

Forecast

Previous

0.6 %

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