Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: ETH/EUR downside capped by 10-day MA, good to buy on dips

ETH/EUR pair has made a temporary top around 47 and showing profit booking from that level. ETH/EUR declined till 28 on Mar 18th 2017 and recovered sharply from that level (KRAKEN). It is currently trading around 40.30 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 32.20

Kijun-Sen level: 29.43

Major Trend reversal level - (21- day EMA) – 25.36

Long term trend remains to be bullish. ETH/EUR faces strong support at 29.84 (10- day MA) and any break below will confirm further weakness.

The major resistance is around 42 and any break above targets 45.32 (88.6% retracement of 47 and 47. Short term support is seen at 36.15 (38.2% retracement of 42.17 and 28) and any break below will drag the pair till 34.83 (38.2% retracement of 15.15 and 47)/32.20 (daily Tenken-Sen)/29.84 (10- day MA).

  • ET PRO
  • Market Data

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

May 25 16:00 UTC Released

USCattle Marketed

Actual

106 %

Forecast

106 %

Previous

96 %

May 25 16:00 UTC Released

USCattle On Feed

Actual

105 %

Forecast

104.9 %

Previous

107 %

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 177537177537m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 177537177537m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 165717165717m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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