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FxWirePro: ETH/EUR faces strong resistance at 12.92, break above targets 13.74

ETH/EUR is seen trading slightly below on Thursday. The pair has formed a temporary top around 12.799 on Feb 14th, 2017 high and declined till 11.91 from that levels (KRAKEN). It is currently trading at 12.12 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 11.33

Kijun-Sen level: 11.25

Minor trend reversal level- 12.92 (Sep 21st 2016 high)

Major Trend reversal level - (89 day EMA) – 9.688

Long-term trend remains to be neutral. ETH/EUR faces strong resistance at 12.92 (Sep 21st high) and any break above confirms further bullishness.

The major resistance is around 12.92 (Sep 21st high) and any break above targets 13.74 (Jul 23rd high). Short-term support is seen at 11.80 (23.6% retracement of 8.64 and 12.799) and any break below will drag the pair till 11.25 (daily Kijun-Sen)/10.95 (10- day MA).

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February 20 11:00 UTC Released

GBCBI Trends - Orders

Actual

8 bln EUR

Forecast

4 bln EUR

Previous

5 bln EUR

February 20 07:00 UTC Released

TRConsumer Confidence*

Actual

65.7 %

Forecast

Previous

66.90 %

February 20 13:30 UTC 1818m

TRCentral Govt Debt Stock*

Actual

Forecast

Previous

0.2 bln TRY

February 20 13:30 UTC 1818m

EZWholesale Trade MM

Actual

Forecast

Previous

0.2 %

February 20 13:30 UTC 1818m

CAWholesale Trade MM

Actual

Forecast

0.7 %

Previous

0.2 %

February 20 14:30 UTC 7878m

EZWholesale Trade MM

Actual

Forecast

Previous

759.6 %

February 20 14:30 UTC 7878m

JPCentral Govt Debt Stock*

Actual

Forecast

Previous

759.6 bln TRY

February 20 15:00 UTC 108108m

EZWholesale Trade MM

Actual

Forecast

-4.9 %

Previous

-4.9 %

February 20 15:00 UTC 108108m

FRConsumer Confid. Flash

Actual

Forecast

-4.9 %

Previous

-4.9 %

February 21 00:30 UTC 678678m

JPCentral Govt Debt Stock*

Actual

Forecast

Previous

52.7 bln TRY

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