Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/EUR upside capped by 38.2% fibo, good to sell on rallies

BTC/EUR is trading in a narrow range between 776 and 900 for the past three trading sessions (COINBASE). It is currently trading around 859 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 944.22

Kijun-Sen level: 922.63

Major reversal level -751 (89- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR upside capped by 38.2% fibo and any break above will take the pair till 1000 level.

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 795 (60- day EMA) and any break below will drag the pair till 751 (89- day EMA)/776 (Jan 7th 2017 low).

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-02-24 21:06:35
0m

February 24 19:00 UTC Released

AREconomic Activity YY*

Actual

-0.1 %

Forecast

-0.6 %

Previous

-1.4 %

February 24 15:30 UTC Released

USECRI Weekly Annualized*

Actual

10.5 %

Forecast

Previous

11.1 %

February 27 00:30 UTC 25032503m

AUCompany Profits Pre-Tax*

Actual

Forecast

Previous

3.6 %

February 27 00:30 UTC 25032503m

AUBusiness Inventories*

Actual

Forecast

0.5 %

Previous

0.8 %

February 27 00:30 UTC 25032503m

AUGross Company Profits*

Actual

Forecast

8.0 %

Previous

1.0 %

February 27 09:00 UTC 30133013m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

February 27 09:00 UTC 30133013m

ITFlash Trd Bal Non-EU*

Actual

Forecast

Previous

5.68 bln EUR

February 27 09:00 UTC 30133013m

EZMoney-M3 Annual Grwth*

Actual

Forecast

4.8 %

Previous

5.0 %

February 27 09:00 UTC 30133013m

EZLoans to Households*

Actual

Forecast

2.2 %

Previous

2.0 %

February 27 10:00 UTC 30733073m

EZCons Infl Expec

Actual

Forecast

Previous

14.5

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.