Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: ETH/EUR downside capped by 50% fibo, good to buy on dips

ETH/EUR pair hits a fresh lifetime high at 47 and shown a huge profit booking from that level. ETH/EUR declined till 31.52 at the time of writing and recovered sharply from the low of 31.52. It is currently trading around 40.70 at the time of writing.

Ichimoku analysis of hourly chart shows:

Tenkan-Sen level: 35.15

Kijun-Sen level: 32.96

Major Trend reversal level - (daily Kijun-Sen) – 19.95

Long-term trend remains to be bullish. ETH/EUR faces strong support at 31.07 (50% fibo) 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 38.15 (38.2% retracement of 47 and 31.52) and any break below will drag the pair till 34.83 (38.2% retracement of 15.15 and 47)/31.07 (50% retracement of 15.15 and 47)/32.95 (Hourly Kijun-Sen).

  • ET PRO
  • Market Data

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

2017-04-27 10:34:50
0m
2017-04-27 09:43:27
0m
Fintech Week Chicago

April 27 10:00 UTC Released

DEBW State CPI YY*

Actual

2.0 %

Forecast

Previous

1.6 %

April 27 10:00 UTC Released

DEBW State CPI MM*

Actual

0.0 %

Forecast

Previous

0.3 %

April 27 11:45 UTC 5555m

EZECB Refinancing Rate*

Actual

Forecast

0.00 %

Previous

0.00 %

April 27 11:45 UTC 5555m

EZECB Deposit Rate*

Actual

Forecast

-0.4 %

Previous

-0.4 %

April 27 12:00 UTC 7070m

DECPI Prelim MM

Actual

Forecast

-0.1 %

Previous

0.2 %

April 27 12:00 UTC 7070m

DECPI Prelim YY

Actual

Forecast

1.9 %

Previous

1.6 %

April 27 12:00 UTC 7070m

DEHICP Prelim MM

Actual

Forecast

-0.1 %

Previous

0.1 %

April 27 12:00 UTC 7070m

DEHICP Prelim YY

Actual

Forecast

1.9 %

Previous

1.5 %

April 27 12:00 UTC 7070m

BRIGP-M Inflation Index*

Actual

Forecast

-1 %

Previous

0.01 %

April 27 12:30 UTC 100100m

USDurable Goods

Actual

Forecast

1.2 %

Previous

1.8 %

Fintech Week Chicago
Close

Welcome to EconoTimes

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