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 >

2017-05-26 10:27:21
0m

May 26 08:00 UTC Released

ITConsumer Confidence

Actual

105.4 %

Forecast

107.3 %

Previous

107.5 %

May 26 08:00 UTC Released

ITMfg Business Confidence

Actual

106.9 %

Forecast

108.0 %

Previous

107.9 %

May 26 11:30 UTC 1818m

INBank Loan Growth*

Actual

Forecast

Previous

4.30 %

May 26 11:30 UTC 1818m

INDeposit Growth*

Actual

Forecast

Previous

10.30 %

May 26 11:30 UTC 1818m

INFX Reserves, USD*

Actual

Forecast

Previous

375.270 bln $

May 26 12:30 UTC 7878m

USCorporate Profits Prelim

Actual

Forecast

2.3 %

Previous

2.3 %

May 26 12:30 UTC 7878m

USDurable Goods

Actual

Forecast

-1.2 %

Previous

1.7 %

May 26 12:30 UTC 7878m

USDurables Ex-Transport*

Actual

Forecast

0.5 %

Previous

0.8 %

May 26 12:30 UTC 7878m

USDurables Ex-Defense MM*

Actual

Forecast

0.0 %

Previous

1.0 %

May 26 12:30 UTC 7878m

USNondefe Cap Ex-Air*

Actual

Forecast

0.5 %

Previous

0.5 %

Close

Welcome to EconoTimes

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