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FxWirePro: ETH/EUR downside capped by daily Tenken-Sen, good to buy on dips

ETH/EUR pair is trading slightly above on Thursday and the pair has recovered slightly after declining till 44 yesterday (KRAKEN). It is currently trading around 45.53 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 44.02

Kijun-Sen level: 43.94

Major Trend reversal level - (Mar 18th, 2017 low) – 28

Long-term trend remains to be bullish. ETH/EUR downside capped by daily tenken-sen and any break below confirms minor weakness.

The major resistance is around 49.48 (Mar 29th, 2017 high) and any break above targets 56.32 (161.8%T retracement of 49.48 and 38.40). Short term support- 44 (daily Tenken-Sen) and any break below will drag the pair till 41.37 (23.6% retracement of 49.48 and 38.40)/ 38.40 (Apr 4th low)/35 (Mar 22nd low).

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January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 15041504m

PHGDP YY

Actual

Forecast

Previous

6.9 0

January 21 02:00 UTC 15041504m

PHGDP QQ

Actual

Forecast

Previous

1.3 0

January 21 21:00 UTC 26442644m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 26442644m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 27642764m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 32443244m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 33043304m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 33043304m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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